The Federal Housing Finance Agency (FHFA) released data yesterday on Fannie Mae and Freddie Mac, comparing credit quality and performance of the loans they acquired (from 2001-2008) versus loans financed with private-label mortgage-backed securities.

As you can see, Fannie and Freddie’s loans were of much better quality, and performance followed suit.


Mr. X at 12:24 2010-09-15 said:
No surprise. GSE's were probably paying less for a "subprime" loans than what could be had elsewhere. Permalink

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