Fannie and Freddie Give Birth to New Mortgage Bond
In practice, that has meant that investors have taken on the risk of losses if interest rates rise but have left the government with the risk if borrowers default. The new securities—along with other methods Fannie and Freddie use to lay off risk …
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Top Asia Junk Bond Funds All Bought China Builders After Default
The best-performing emerging Asia junk bond funds this year all navigated a landmark default to profit from China’s property debt. They see … A housing recovery spread in November, with new-home prices rising in 33 of 70 cities tracked by the government.
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