Fannie Mae: Change in Mortgage Market ‘Remarkable’ and ‘Intense’

Fannie Mae’s vice president and deputy general counsel, Margaret Chase, knows what it takes to weather a crisis. Having joined the government backed-mortgage giant in 2005, Chase witnessed the height of the mortgage crisis, when millions of loans became delinquent nationwide.

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Today Fannie Mae owns or guarantees more than 17 million loans across the country, and the company’s seriously delinquent mortgage loan portfolio has dropped to almost 1 percent.

“For a lawyer in this space, the change—from 2005 to today—has been nothing short of fascinating, remarkable, and seriously intense,” said Chase, reflecting on the mortgage industry’s shift ...