Fannie Mae and Freddie Mac credit-risk transfer transactions have evolved since they were introduced in late 2012, according to a recent report by DBRS. The rating service analyzed Fannie’s Connecticut Avenue Securities and Freddie’s Structured Agency Credit Risk transactions and concluded that they have performed well with low delinquencies. DBRS attributed the strong performance to “prudent underwriting, the GSEs’ solid seller and servicer approval process and ...