Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) is following in the footsteps of brother-lender Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) by introducing risk-sharing mortgage bonds to American investors. The instruments are designed to shift some of the risk of a housing crisis from the Government sponsored enterprise to the buyer of mortgage bonds. The new instrument is in line with legislation about the lenders being discussed in Congress. U.S. politicians are seeking to change the mortgage financing system in the United States so that Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan…
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