{"id":74979,"date":"2020-07-24T02:17:10","date_gmt":"2020-07-24T06:17:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=74979"},"modified":"2020-07-24T02:17:39","modified_gmt":"2020-07-24T06:17:39","slug":"fannie-freddie-risk-bonds-threaten-big-losses-for-fund-managers","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2020\/fannie-freddie-risk-bonds-threaten-big-losses-for-fund-managers.html","title":{"rendered":"Fannie-Freddie risk bonds threaten big losses for fund managers"},"content":{"rendered":"<p>(Bloomberg) Under provisions of the CARES Act, certain homeowners can put off mortgage payments for up to a year. Hedge funds and mutual funds are among bondholders that could lose $2 billion as a consequence of U.S. lawmakers&#8217; letting millions of homeowners delay mortgage payments during the coronavirus pandemic.<br \/>\nAt stake are so-called credit-risk-transfer securities whose owners include fixed-income funds run by Franklin Resources and AllianceBernstein. <\/p>\n<p><a href=\"https:\/\/www.pionline.com\/investing\/fannie-freddie-risk-bonds-threaten-big-losses-fund-managers#:~:text=Fannie%2DFreddie%20risk%20bonds%20threaten%20big%20losses%20for%20fund%20managers,-Bloomberg&#038;text=The%20securities%2C%20which%20threaten%20to,Mac%20mortgages%20to%20private%20investors.\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Under provisions of the CARES Act, certain homeowners can put off mortgage payments for up to a year. Hedge funds and mutual funds are among bondholders that could lose $2 billion as a consequence of U.S. lawmakers&#8217; letting millions [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74979","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=74979"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74979\/revisions"}],"predecessor-version":[{"id":74980,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74979\/revisions\/74980"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=74979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=74979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=74979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}