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Home » Store » Taxable » Fannie’s Spring MBS Cleaning Catches Wall Street Off Guard, Little Long-Term Disruption Expected

Fannie’s Spring MBS Cleaning Catches Wall Street Off Guard, Little Long-Term Disruption Expected

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Wall Street says it wants to know more about Fannie Mae’s decision to clean up some outstanding mortgage-backed securities. “This has disrupted the market,” said Rob Fry, director of finance operations for the Bond Market Association, of Fannie’s decision to call $1.5 billion in bonds. The move involves nearly 25,000 securities issued before May 1, 1993, many of which had paid down
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