Sentences with phrase «mortgages meet the quality standards»
Prime mortgages meet the quality standards set forth by Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), the two government - sponsored enterprises that provide a secondary market in home mortgages by purchasing loans from originating lenders.
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But when mortgages soured, trustees declined to pursue available remedies for investors, such as pushing a servicer to buy back loans that did not meet quality standards promised when the securities were sold.
Edward Tufte took out a second mortgage on his house to self - publish The Visual Display of Quantitative Information in 1982, because no printer could meet his quality standards.