loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House
Investments / The Ticker

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

/ Print / Reprints /
| Share More
/ Text Size+

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
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus