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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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached