GSE wind-down plan puts private lenders in first-loss spot

06/4/2013 | Bloomberg

A legislative proposal to wind down Fannie Mae and Freddie Mac, which could move forward this month, would require private financiers to take primary responsibility for losses, according to a draft. The proposal also would create a Federal Mortgage Insurance Corp., which would guarantee certain loans and help small lenders issue securities, the draft states.

View Full Article in:

Bloomberg

Published in Briefs: