The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Hefets: Fannie Mae takes less mortgage risk than it should in 2022 market
“Because they've been under conservatorship. So most of Fannie Mae's operations have been very dictated by the government. They're not actually taking probably the level of risk that they should in this current market.”
Hefets: US banks underwrite mortgages more conservatively than Fannie Mae requires
“When the global financial crisis happened, there were such, ah, very high fees and penalties that went for banks that didn't have really strict overlays that actually had a ton of defaults. And so now banks are super nervous To lend to people, and actually tak…”