Fannie Mae change will make it easier to get nonperformers off their books.
One of the problem issues for housing sectors, banks and homebuilders I wrote about regularly during the first several years after the Lehman-crisis era was the accumulation of nonperforming first trust residential mortgages being carried by the money centers, Bank of America , Wells Fargo , JPMorgan Chase and Citigroup . The point of that […]