Fannie to sell largest risk-sharing deal after Watt’s order to triple issuance

Fannie Mae
By Matthew Scully
14 May 2014

Fannie Mae is immediately responding to a new mandate from chief US housing regulator Mel Watt by more than doubling the size of its next residential mortgage risk-sharing deal, which may be sold to investors as early as next week.

The US housing giant will sell approximately $1.6bn in bonds, more than twice the amount of the $750m issuance it sold in January, according to two people with direct knowledge of the deal. Fannie officials last month announced the agency’s intention to issue its quarterly transaction sometime in ...

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