Fannie Mae and Freddie Mac ensure two skills: underwriting and a highly skilled hedging operation that could maneuver adeptly as interest rates changed. If this is taken away and the government backs leaves, no system of private capital is going to continue making 30-year mortgage loans, at least that is what Joe Nocera argued in a column with The New York Times. 

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By