GSE Subprime Wrap Business On the Rise, IBCL Data Show A busy year for securitizers has meant more guaranty business for Fannie Mae and Freddie Mac, which have already put their stamp on more wrap deals than they did all of last year. According to data compiled by Inside B&C Lending, the government-sponsored enterprises combined to issue or guarantee $15.87 billion in deals backed by subprime mortgages this year. With that performance, the two secondary