Fannie Mae-No Politics (FNMA)

[Wise Man]

FnF buy back non-performing loans from their MBS Trusts. Once they are in their Retained Portfolio, they start the Foreclosure Prevention Actions.
It's not that FnF bought non-performing loans from the banks.
Their delinquency rates in early conservatorship are the evidence, specially Freddie Mac with a disproportinate low rate.