TITLE

Fannie Mae Aggressively Courts Community Banks

AUTHOR(S)
Berry, Kate
PUB. DATE
August 2013
SOURCE
National Mortgage News;8/12/2013, Vol. 37 Issue 31, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that the government-sponsored enterprise Fannie Mae attracted community banks to offer mortgage loans to the company by increasing the prices it pays for procuring loans. It mentions that the effort to increase the prices is undertaken by the U.S. Federal Housing Finance Agency to make balance between community banks and large banks including Wells Fargo & Co. and JPMorgan Chase & Co. It informs that Fannie Mae and Freddie Mac procured mortgage loans 286 billion dollars.
ACCESSION #
89802478

 

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