Freddie Mac Plans To Sell $966M Home-Default Risk Bonds

Mani

Published onMarch 28, 2014

Updated on May 13, 2021

Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) plans to sell $966 million of bonds tied to the risk of homeowner defaults after a similar bonds issued earlier posted strong gains.

The new bond issue proposal comes amid legislation introduced this month by the leaders of the Senate banking committee to replace the government sponsored enterprises.

Risk sharing bonds

The risk-sharing mortgage bonds are designed to shift some of the risk of a housing crisis from Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Freddie Mac Plans To Sell $966M Home-Default Risk Bonds

Risk sharing bonds

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