Fannie to Launch MBS Backed by Re-performing Mortgages, Enhances Loan-Level Disclosures
April 29, 2016
Fannie Mae revealed plans this week to securitize re-performing loans held on its balance sheet to manage its risk and reduce its portfolio. Loans that have been modified and are now performing, coupled with loans that have become current without the assistance of a modification program, will be included in the group. “Over the long run, these securitizations can benefit...