U.S. Banks Increase Retention of Mortgages
U.S. banks are keeping more home loans on their balance sheets instead of turning them over to Fannie Mae and Freddie Mac for securitization. The trend could signal increased confidence in the housing market and a first step toward a healthier securitization market, but it also could be the result of higher fees being charged by the government-sponsored enterprises as well as profit pressures created by low rates.
From "U.S. Banks Increase Retention of Mortgages"
Financial Times (12/16/12) Alloway, Tracy; Nasiripour, Shahien
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