Fannie preps new risk-sharing bonds


A new world of mortgage guarantees is opening up. For evidence, we can kook to the big housing GSEs, which are starting to market bonds that call for the GSEs to share the risk of default with the buyer. Freddie Mac has already sold bonds of this ilk. Fannie Mae is scheduled to follow suit soon. The FHFA has asked that they boost the fees charged to guarantee traditional mortgage bonds and that they share risk on mortgages. Article