Relevant:
- Streamlined Refis for Jumbo Mortgage Refinances Provided For In Pending Bill
- Subprime mortgages morph into 'non-prime' loans--and demand soars
- Pinto: Fannie/Freddie Misrepresented Loan Pool Quality To Get AAA Ratings
- Jumbo Subprime Home Loans More Likely to Default, UBS Says
- Orange County, CA & Other High-Cost Areas Get $729,750 Federal Loan Limit
2008-08-23 — housingwire.com
Quinn suggested that New York’s new definition of subprime falls under what the GSE sees as “high-cost†or “high-risk†home loans, and said that Fannie has had a long-standing policy of not purchasing such loans for securitization or for its retained portfolio.
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Comments:
Keith G at 09:08 2008-08-25 said:
What kinna B.S. is this? Fannie's been buyin' sub-prime and ALT A loans for 30 years. Keith G. Permalinkadd a comment | go to forum thread
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