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Loan Modification
: Mortgage Lender Implode-o-MeterFannie Mae launches $1 bln warehouse plan
By Implode-Explode Heavy Industries
"Fannie Mae, (FNM.P) the largest provider of funding for U.S. home mortgages, on Monday said it is launching a $1 billion program to boost money available to small- and mid-sized lenders.
The program would provide credit lines for 10 to 12 lenders in 2010, a spokeswoman said."
Full post as published by Mortgage Lender Implode-o-Meter on February 23, 2010 (boomark / email).
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