Industry News

Fannie Mae details Alt-A, subprime investments

Mortgage repurchaser expects to pick up market share in 2007
Published on Aug 16, 2007

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by CareyBot

Mortgage repurchaser Fannie Mae has purchased or guaranteed $310 billion in Alt-A loans, or 12 percent of the company’s single-family mortgage book of business, the company said in releasing its 2006 results. Alt-A loans are those with reduced documentation requirements ...