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Freddie Finds Buyers for Risk-Sharing Debt as Fannie Seeks More

With mortgage giant Freddie Mac finding increased demand this week in the nascent market for its risk-sharing securities, competitor Fannie Mae said it was taking steps to draw more buyers for its own notes.

Freddie Mac on Tuesday sold more of the debt, which it uses to shift some of its losses to investors, than first planned at yields that were lower than initially marketed, according to a person with knowledge of the sale. Shortly before that offering sold, Fannie Mae said in a statement that it has listed its similar securities on the Irish Stock Exchange, where debt listings are permitted, a move already undertaken by Freddie Mac.