Fannie Mae GC: Call Me When I’m Not Sending You Work

Almost seven years after the housing crisis, it’s still a historic time to be at the Federal National Mortgage Association, better known as Fannie Mae.

In addition to lingering litigation with major banks over the 2008 crisis, the mortgage giant is working with competitor Freddie Mac, at the direction of the Federal Housing Finance Agency, to develop a “common securitization platform” .

Fannie Mae General Counsel Brian Brooks describes the initiative, which aims to develop a single mortgage-backed security for financing fixed-rate mortgage loans backed by one- to four-unit single-family properties, as “a huge, unprecedented thing that’s really never been done ...