Fannie Mae Regulator Plans Securitization for Post-GSE World
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Fannie Mae and Freddie Mac will create a common platform for issuing mortgage-backed securities as they wind down operations and plan for a future in which the two companies no longer exist, their regulator said.
The government-owned enterprises also will start sharing risk with private financiers in the single-family loan market, aim to reduce their multifamily-housing business by 10 percent and continue raising fees they charge to guarantee securities, Edward J. DeMarco, the Federal Housing Finance Agency’s acting director, said yesterday on a conference call with reporters.