As part of its ongoing effort to reduce taxpayer burden, Fannie Mae announced last week that it offloaded more credit risk in its latest Connecticut Avenue Securities risk-sharing deal. According to Fannie Mae, its latest Connecticut Avenue Securities deal, CAS 2016-C01, is its first to offer investors a portion of the first-loss position, further reducing taxpayer exposure to credit losses. http://www.housingwire.com/articles/36290-fannie-mae-offloads-more-credit-risk-in-latest-risk-sharing-deal ❤️ #share #mortgage
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