News | 03.08.19
Wall Street Votes to Support Single Bond for Fannie, Freddie
The Securities Industry and Financial Markets Association on Thursday voted to support a single mortgage-backed bond for Fannie Mae and Freddie Mac. The vote is the final hurdle for the proposed new security, which is expected to launch in June as part of a revamp to the $5 trillion market in bonds guaranteed by the mortgage-finance firms. Together, the two back roughly half the U.S. mortgage market.
Read the full article on Wall Street Journal