The suit was filed in December 2012 on behalf of hundreds of thousands of investors who bought stock in an offering by Fannie in May 2008, four months before the GSE was taken over by the government.
Freddie Mac is rolling out a new version of an old mortgage security product designed to distribute the credit risk of borrowers paying back their mortgages to the private markets. The government-sponsored enterprise has begun marketing a new product, the Structured Agency Credit Risk security, which is designed to lay off credit risk to the private capital market on a scalable basis without impacting the TBA market or increasing counterparty risk. Freddie attempted a similar product in 1998 before deciding it was a failure. A Freddie spokesman said...