Comments on: Fannie Mae & Freddie Mac — How Are They Really Doing? http://www.ourbroker.com/library/fannie-mae-freddie-mac-how-are-they-really-doing/ Consumer Real Estate Information Since 1996 Tue, 07 Feb 2012 14:05:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Peter G. Miller http://www.ourbroker.com/library/fannie-mae-freddie-mac-how-are-they-really-doing/comment-page-1/#comment-2481 Peter G. Miller Thu, 18 Jun 2009 09:07:12 +0000 http://www.ourbroker.com/?p=2963#comment-2481 If a lender was required to buy back loans it means they did not meet the underwriting standards of Fannie Mae and Freddie Mac. This does not mean that delinquencies were artificially or unfairly reduced, it means that Fannie Mae and Freddie Mac were doing the right thing in terms of policing their loans. Imagine if you bought a car and brought it back to the dealer because something was wrong. That's not your "fault," it only means the car was not as promised. If a lender was required to buy back loans it means they did not meet the underwriting standards of Fannie Mae and Freddie Mac. This does not mean that delinquencies were artificially or unfairly reduced, it means that Fannie Mae and Freddie Mac were doing the right thing in terms of policing their loans.

Imagine if you bought a car and brought it back to the dealer because something was wrong. That’s not your “fault,” it only means the car was not as promised.

]]> By: Cheryl of KC http://www.ourbroker.com/library/fannie-mae-freddie-mac-how-are-they-really-doing/comment-page-1/#comment-2477 Cheryl of KC Thu, 18 Jun 2009 04:56:55 +0000 http://www.ourbroker.com/?p=2963#comment-2477 Fannie Mae has fewer deliquencies because they made Bank of America repurchase the majority of the ALT-A or subprime loans back. Bank of America had a secondary market in Dallas TX and just closed it last year when they started getting lots of lawsuits and fraudulemt mortgage complaints. Fannie Mae has fewer deliquencies because they made Bank of America repurchase the majority of the ALT-A or subprime loans back. Bank of America had a secondary market in Dallas TX and just closed it last year when they started getting lots of lawsuits and fraudulemt mortgage complaints.

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