According to Bloomberg, Fannie Mae hosted a Wednesday conference call for investors to prepare them for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers.
With government-backed mortgages accounting for more than 85% of new lending, the FHFA has been directing the companies to raise how much they charge to guarantee their traditional mortgage bonds and asked each to attempt to share risk on $30 billion of home loans this year.
“We are working with FHFA to meet the goals of the Conservatorship Scorecard for 2013,” Callie Dosberg, a Fannie Mae spokeswoman, said.
