Fannie Mae last week notched its fifth Credit Insurance Risk Transfer transaction of the year, a $285 million deal covering a pool of 34,000 single-family mortgages.
A proposal from Freddie Mac to acquire second liens prompted immediate reactions. The GSE rebuts claims that its plan represents “mission creep” or that it would interfere with the existing securitization market for closed-end seconds.
The capital markets teams at Fannie and Freddie churned out a reperforming loan sale, a Guaranteed Multifamily Structures deal and a Structured Agency Credit Risk transaction.
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