Fannie Mae is telling new seller/servicers — including community banks and non-depositories alike — that it will cap how much product they can sell to the GSE based on their net worth and other factors, ASR sister publication National Mortgage News has learned.

One advisor who works with seller/servicers told National Mortgage News: “I can’t believe it. One of our clients called to say that their Fannie rep said they were going to cap per-year volume because of their net worth.”

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