Fannie Mae debuts controversial mortgage insurance platform

Fannie Mae has announced a pilot programme that would see the government-sponsored enterprise wade deeper into the mortgage insurance business, a move that some critics warn could further distort American housing finance.

  • By Alexander Saeedy
  • 11 Jul 2018

Like its competitor Freddie Mac, Fannie Mae is required by law to insure itself against potential losses from risky mortgages that it purchases from lenders, such as those where the borrower has little equity in the home and loan-to-value (LTV) ratios stretch above 80%.

Currently, high LTV ...

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