Asset Management

JPMorgan deal shows a path to smaller Fannie and Freddie

Move by bank to shed mortgage risk stirs hope for reduced government role in $11tn market

A recent move by JPMorgan to shed risk on some of its mortgage loans is stirring hope that the tactic could help reduce the government’s role in the $11tn mortgage market.

JPMorgan last month became the first US bank to issue credit-risk transfers tied to a pool of mortgages.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump