Fannie Mae-No Politics (FNMA)

[FOFreddie]

Another Tim Howard excerpt:

In the late spring of 2021, after it became apparent that the companies had essentially been looted, we started to investigate the details of how CRT transactions were underwritten. Our first shock was learning that the Wall Street underwriters earned fees that were multiples of the net values of CRTs to the companies. These Wall Street underwriters—you can guess the firms—were supposed to protect Fannie and Freddie, but instead they joined in robbing their clients. Of course, the CRT investors, primarily hedge funds and real estate investment trusts, were also clients of these Wall Street firms

Who are the Underwriters for the CRT offerings?