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Investments / The Ticker

Fannie Mae debuts “risk-sharing” mortgage-backed security

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According to IFR, Fannie Mae will officially kick off an investor road show for its new “risk-sharing” mortgage-backed security over the next few weeks. The publication states:

The Fannie Mae transaction will closely mirror a similar inaugural US$500m deal from sister agency Freddie Mac that priced in July, known as the Structured Agency Credit Risk (STACR) bond. The purpose of this new class of so-called 'risk-sharing' MBS from the GSEs is to sell off some of the default risk of their residential mortgage holdings to private investors willing to gamble on their pool of loans.

Source: IFR
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