Fannie Mae-No Politics (FNMA)

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Short Takes: MBA Wants GSEs to Synchronize Their AU Engines / Poll Shows Lenders Want GSEs Left Alone / A New Player in Wholesale / Cerberus Bidding on NPLs, More / Hank Paulson Wanted Receivership for Fannie and Freddie

By Brandon Ivey and Paul [e-mail], [e-mail]

The Mortgage Bankers Association is calling on Fannie Mae and Freddie Mac to synchronize their underwriting engines by year-end for all mortgage terms and products offered. The MBA is also seeking reform of the government-sponsored enterprises' framework for representations and warranties.

See this week'supcoming issue of Inside MBS & ABS for more details…

[b[color=red]]Meanwhile, a new poll from Inside Mortgage Finance has found that only 25 percent of our readers want the GSEs to be wound down as quickly as possible. Roughly 75 percent want Fannie and Freddie to be left alone or like the idea of them being allowed to operate as is while the government works on a plan to take them out of conservatorship as private companies…[/color]