The oversight agency for Fannie Mae and Freddie Mac is taking a hard look at their drive to automate the home loan business.

Aida Alvarez, director of the Office of Federal Housing Enterprise Oversight, has raised concerns that the new technology will concentrate more market power in the hands of the two agencies - formally known as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.