The latest STACR offering "reflects investors' positive view of the company's credit fundamentals," according to Mike Reynolds, VP of Credit Risk Transfer with Freddie Mac.
Read More »Freddie Mac Resumes Risk Sharing in 2016 Where Last Year Left Off
The FHFA's conservatorship of Freddie Mac continues, but the GSE has found an effective way to reduce exposure to credit risk while bringing private investors back into the single-family mortgage market.
Read More »Expanded Loan-Level Dataset Aimed at Helping Investors Support Credit Risk Offerings
“Releasing this data now will help give potential credit investors sufficient time to analyze Freddie Mac's actual loss performance,” said Kevin Palmer, SVP of Credit Risk Transfer at Freddie Mac.
Read More »Freddie Mac’s Mortgage Portfolio Expands for Ninth Straight Month
Expansion was rare for the GSE's total mortgage portfolio from 2010 to 2014. But in 2015, it has been the norm.
Read More »Freddie Mac’s Credit Risk Transfer Continues With Last Offering of 2015
Freddie Mac's latest Structured Agency Credit Risk offering is the Enterprise’s eighth of the year and 17th overall since the program launched in 2013.
Read More »Fannie Mae’s Credit Risk Transfer Initiatives Approach the Half Trillion Dollar Mark
Fannie Mae’s credit risk transfer program, Connecticut Avenue Securities (CAS), has sold more than $12.4 billion in securities to private investors, which covers $438 billion worth of mortgage loans since the program’s inception in September 2013. Fannie Mae estimates by the end of 2015, it will have transferred a portion of the credit risk on approximately half a trillion dollars worth of single-family mortgages.
Read More »Freddie Mac Continues Transferring Credit Risk to Private Investors
Freddie Mac’s risk-sharing initiatives include 16 STACR debt note offerings (including this one) and 11 Agency Credit Insurance Structure (ACIS) transactions since becoming the first agency to market credit risk transfer transactions with STACR and ACIS in the middle of 2013.
Read More »Success of GSEs’ Credit Risk Transfer Programs Ensure They Are Here to Stay
But the success of programs like the Connecticut Avenue Securities (CAS) Series by Fannie Mae and Structured Agency Credit Risk (STACR) debt note offerings by Freddie Mac have ensured that credit risk transfer is not simply a passing trend, but the way of the future for the GSEs look to transfer more credit risk to private investors.
Read More »Freddie Mac Transfers More Credit Risk With $1 Billion STACR Offering
The latest STACR offering, STACR Series 2015-DNA3, is the seventh STACR debt notes offering this year of more than $1 billion by Freddie Mac. It is the 15th STACR offering since the program began slightly more than two years ago. Freddie Mac’s goal is to transfer a portion of its credit risk on single-family loans to private investors.
Read More »Fannie Mae Prices First Credit Risk Sharing Transaction Under Actual Loss Framework
Fannie Mae announced on Wednesday the pricing of the latest risk-sharing transaction under the Connecticut Avenue Securities (CAS) Series at $1.45 billion. The latest transaction is Fannie Mae’s ninth under the CAS Series and first CAS transaction structured for an actual loss framework.
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