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Industry observers are reacting favorably to what is known about a recently announced agreement between Fannie Mae and the newest entrant to the mortgage insurance space to take up a risk-transfer transaction with the government-sponsored enterprise. In a agreement finalized July 15 but announced just last week, National Mortgage Insurance Corp. said it came out on top of a formal bidding process with Fannie to insure a pool of approximately $5.0 billion in mortgages as the GSE looks to expand its risk sharing with private entities. “Fannie Mae selected...