Regulators Send Fannie, Freddie Back to the Future To Help Rescue Subprime, Alt A MBS Market
October 17, 2008
Fannie Mae and Freddie Mac are heading back to a non-prime MBS market where their extensive experience – and newly expanded buying power – are expected to provide relief to investors stuck with illiquid Alt A and subprime mortgages and MBS. The two government-sponsored enterprises are expected to begin purchasing upwards of a combined $40 billion a month in troubled...