Premium collapses on Fannie’s latest risk-sharing deal

Fannie Mae
By Matthew Scully
17 Jul 2014

Fannie Mae has issued a second round of price guidance after seeing weaker than expected demand for the senior notes in this week’s $2.1bn risk-sharing issuance with private investors.

The $2.05bn risk-sharing RMBS was intended to be sold on Wednesday at pricing levels more expensive for Fannie Mae than it had paid investors in previous deals.

The housing agency now looks to sell the most senior tranche of notes even wider, between 110bp-120bp over one ...

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