Fannie Mae Set To Issue Risk Sharing Bonds

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) is set to issue its first sale of risk sharing bonds, with better terms than Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s July offering. Jody Shenn of Bloomberg citing known sources indicate Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) is planning to sell $675 million of the bonds at lower yields than Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s $500 million. Fannie Mae and Freddie Mac’s regulatory mandate Both the mortgage giants are issuing the bonds to meet regulator, the Federal Housing Finance Agency’s mandate to reduce the…