Analysts at Moody’s Investors Service sharply raised their loss projections for residential mortgage-backed securities backed by FHA and Veteran’s Affairs loans issued after 2001. Despite the FHA insurance, investors in non-agency MBS backed by government insurance still take some loses when loans default. Moody’s said it expects average cumulative losses on these pools...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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