Credit Risk Transfer Plan Draws Mixed Reactions

GoRion, Dec. 1, 2016–Sichelman, Lew

Dissident stockholders in Fannie Mae and Freddie Mac rolled out the heavy guns earlier this month to slow what appears to be a groundswell of support for the Federal Housing Finance Agency’s plan to reduce the government’s risk exposure by moving more private capital into the first-loss position ahead of the GSEs’ through expanded mortgage insurance.