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2012-08-16 — mortgagenewsdaily.com
And anyone who thinks that buybacks issues are behind us had better think twice. "Fannie & Freddie Continuing to Clamp Down on Banks" is the trend, and trust me, given that banks are not likely to absorb all this by themselves, these putbacks will be pushed down into smaller originators. More I was reading in the paper today about this dwarf that got pick-pocketed. How could anyone stoop so low? Many in the industry are accusing the CFPB of stooping low by advertising that it wants employees to go "undercover", a la secret shoppers, to nab banks. Use the code name "George Orwell.
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