Volume 28 - Number 43
November 11, 2011
Downloads Available: GSE Exposure to Private MIs - 3Q11
Fannie and Freddie Concerned by Mounting MI Risk Exposure as GSEs Post Huge 3Q11 Losses
Fannie Mae and Freddie Mac reported similarly sour earnings results for the third quarter with both government-sponsored enterprises expressing concern about their growing risk exposure to struggling private mortgage insurance companies. Freddie noted in its 10-Q filing that “the financial condition of certain of our mortgage insurers continued to deteriorate” during the July-September period. Fannie sounded a similar alarm in its own earnings statement. “The already weak financial condition of many of our mortgage insurer counterparties deteriorated at...(Includes one data chart)
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