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08.05.2013 17:30:00
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Moody's: Fannie Mae HFA Preferred Risk Sharing offers new financing opportunities, but with risks
New York, May 08, 2013 -- The Fannie Mae HFA Preferred Risk Sharing program, which allows Housing Finance Agencies (HFAs) to offer high loan-to-value mortgage loans with no mortgage insurance, creates an attractive product for the HFAs that can enhance revenue streams, says Moody's Investors Service in a new report. The program, however, does include some risk because the HFAs retain some responsibility for the performance of the loans they generate under the program.
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