Fannie Mae: Even Big Lenders Have Questions about Front-End Risk Sharing

ValueWalk, Oct. 18, 2016–Investors Unite

“MBA has for decades advocated for a bright line between primary and secondary markets,” MBA President David Stevens wrote in the letter to the Federal Housing Finance Agency. “One aspect of this bright line is that primary market lenders select front-end credit enhancements, while the GSEs structure back-end credit enhancements.”