Transferring Credit Risk on Mortgages Guaranteed by Fannie Mae or Freddie Mac

Congressional Budget Office

No 53380, Reports from Congressional Budget Office

Abstract: In 2013, at the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac began to transfer some of the credit risk of their mortgage guarantees to investors. This report examines how they have done so and analyzes two approaches for expanding their efforts: increasing the amount of risk shared on new guarantees and transferring some of the risk on mortgages guaranteed before 2013.

JEL-codes: G18 G28 R31 R38 (search for similar items in EconPapers)
Date: 2017-12-14
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https://www.cbo.gov/system/files/115th-congress-20 ... ngcreditriskgses.pdf (application/pdf)

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