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Stock impact report

Fannie Mae's New Mortgage-Scoring System Aims to Lift MBS Demand [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
to draw more buyers into the market to help fill a void left by the Federal Reserve stopping purchases. Most Read from Bloomberg Beyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROI China Tells Iran Cooperation Will Last After Attack on Israel US Two-Year Yield Eyes 5% Before Powell's Remarks: Markets Wrap IMF Steps Up Its Warning to US Over Spending and Ballooning Debt Iran's Conflict With Israel Puts US Ally Jordan on Edge Since March, the government-sponsored enterprise has been selling agency MBS that are scored according to a set of revamped criteria that gives extra weight to mortgages with certain characteristics, such as whether they're used for affordable rental housing or are to borrowers in rural areas with high poverty levels. The goal is to give investors who buy MBS more visibility into the underlying mortgages. Greater availability of data can make it more attractive to buy MBS with loans to underserved borrowers, translating i Show less Read more
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