Flagstar ‘reps and warrants’ deal may be coming with Fannie

Fannie Mae – Wikipedia – The Federal national mortgage association (FNMA), commonly known as Fannie Mae, is a United states government-sponsored enterprise (gse) and, since 1968, a publicly traded company.Founded in 1938 during the Great Depression as part of the New Deal, the corporation’s purpose is to expand the secondary mortgage.

Flagstar ‘reps and warrants’ deal may be coming with Fannie. reserve releases on the bank’s loan portfolio and reps and warrants provisions. Flagstar reported a $4 million provision for reps.