After Sitting By For the Past Few Years, Freddie Mac Is Ready To ‘Entertain’ Buying Stripped MBS
Freddie Mac is dipping its little toe into an area that mostly belonged to Fannie Mae. In its winter edition of the Gold Perspective newsletter, the government-sponsored enterprise touted among its new products a willingness to securitize excess servicing rights. Indeed, Freddie securitized its first stripped mortgage-backed security in September that had a notional value of $712.97 million. …