Housing News

$4.2 Billion Fannie Mae, Freddie Mac MSR Portfolio for Sale

Fannie Mae, Freddie Mac MSR Portfolio for Sale
Denver-based, MountainView Servicing Group is advising the sale of a Freddie Mac and Fannie Mae mortgage-servicing rights portfolio, with $4.2 billion of aggregate unpaid principal balance. The portfolio features 100% fixed-rate and first lien product.
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Banking, Currency & Money

Fannie Mae and Ginnie Mae are Private Corporations

Ginnie Mae
Fannie Mae (FNMA) and Ginnie Mae (GNMA) are private corporations with a unique advantage. The largest, FNMA has become a $4.5 trillion company that pumps cheap money to primary market lenders by paying cash for the mortgages which these companies originate. Once a large quantity has been accumulated, they bundle these mortgages into Mortgage Backed Securities, (MBS), for sale through securities dealers. To aid in their marketing is an implicit Government guarantee that investors will receive principal and interest payments regardless of what happens to the underlying mortgages. This transfers that risk effectively into the Treasury of the United States.
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