Articles tagged with: GSE
Business, News, Real Estate »
Fannie Mae and Freddie Mac – the two government sponsored enterprises (GSE) that have been operating under federal control since 2008 – are losing less money and that’s good news for people wanting to see those two entities continue operating.
The GSEs, of course, are major players in the secondary mortgage market. Fannie Mae and Freddie Mac, in essence, buy mortgages from originators, bundle them together and sell them as mortgage-backed securities. Their role is, in essence, to keep credit flowing so that loan originators can keep writing mortgages.
Ideally, lenders free …
Commentary, Politics »
Trying to keep up with what’s happening with foreclosures around the nation is confusing, indeed.
At the end of November, Fannie Mae and Freddie Mac – the government-sponsored enterprises which underwrite the bulk of mortgages in the United States – told real estate agents to resume with sales of foreclosed properties. That was a significant announcement as Fannie and Freddie had about 240,000 properties set for foreclosure at the end of September.
Concerns over the adequacy of paperwork filed in foreclosure actions, however, caused Fannie and Freddie to order a halt to …