TITLE

With Fannie Mae in Holding Pattern, Other Buyers Fill the Void

AUTHOR(S)
Fine, Jacob
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that buyers have emerged in place of Fannie Mae as a source of demand amidst the boom in municipal housing bond issuance as the mortgage market company's portfolio remains to a still due to regulatory policies. Fannie Mae entered an agreement with the U.S. Office of Federal Housing Enterprise Oversight. Municipal bonds of the firm's overall portfolio had grown to 2%, requiring it to convince the Treasury that it was not buying securities to write off its borrowing costs.
ACCESSION #
21784084

 

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