10/10/2013
"FHFA is pleased that Fannie Mae has completed its first risk-sharing transaction, which provides mortgage insurance coverage on a pool of more than $5 billion in single-family mortgages. This transaction supports FHFA’s 2013 Conservatorship Scorecard and FHFA’s Strategic Plan for the Enterprise Conservatorships by transferring credit risk to the private sector and reducing Fannie Mae’s footprint in the marketplace. This transaction also gives further insight into how the private sector prices mortgage credit risk, further reduces taxpayer exposure to that risk and demonstrates an approach to risk-sharing."
Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030