Fannie Mae offloads more credit risk in latest risk-sharing deal

As part of its ongoing effort to reduce taxpayer burden, Fannie Mae announced last week that it offloaded more credit risk in its latest Connecticut Avenue Securities risk-sharing deal. According to Fannie Mae, its latest Connecticut Avenue Securities deal, CAS 2016-C01, is its first to offer investors a portion of the first-loss position, further reducing taxpayer exposure to credit losses. …read more

From:: Real Estate Wire

SoFi’s Super Bowl ad only the beginning of major company brand push

While moving into the big leagues of advertising cost SoFi 20% of its annual budget, the company is saying that its Super Bowl ad was well worth the money. In an interview with HousingWire, Meg Ciarallo, SoFi’s vice president of brand, said “2016 is a pivotal year for SoFi. We’re expanding beyond lending to help financially responsible people reach their money, career and relationship goals.” …read more

From:: Real Estate Wire