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> provided confidential mortgage pricing data from Fannie Mae to a principal competitor It seems like the Fannie Mae data was shared with Freddie Mac. Aren't t
by kaycebasques 11mo ago
> provided confidential mortgage pricing data from Fannie Mae to a principal competitor
It seems like the Fannie Mae data was shared with Freddie Mac. Aren't they both quasi-government organizations? GSEs. So they're both supported by the government but there's a firewall between them to keep some semblance of competition?
- consumer451 11mo agoIf your assessment was correct, then the next question might be: why did these people quit their very cushy jobs?
- kaycebasques 11mo agoThe article says that they were forced out of their jobs. That could mean many things, but it has a different connotation than quitting
- siilats 11mo agoHaving worked on this data since investors buy the loans, the loan level data by definition needs to be public. Even the borrower information is not secret because real estate ownership is public in USA. So I don’t understand what information it could possibly be other than fraud data. I think sharing fraud data is not colluding.