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Fannie Mae

Fannie Mae Announces Updates to its Mortgage-Backed Securities (MBS) Prospectus to Support Connecticut Avenue Securities (CAS)

April 24, 2018

As part of Fannie Mae's continued effort to innovate and improve its credit risk transfer program, the company announced a significant milestone in furthering enhancements to its benchmark Connecticut Avenue Securities™ structure. 

Fannie Mae: Even Big Lenders Have Questions about Front-End Risk Sharing

October 19, 2016

The more private sector players think about front-end risk sharing, the more consensus there is on proceeding with caution. Since 2012, the Federal Housing Finance Agency has required Fannie and Freddie to transfer a portion of the credit risk on the loans they acquire to the private sector. The official rationale for this policy is to reduce the chance that taxpayers would again be forced to shore up the GSEs

Time For Change: GSE Credit-Risk Sharing on the Front End

September 28, 2016

Fannie Mae and Freddie Mac have been at the forefront of credit risk sharing initiatives since 2013, having transferred to private investors a portion of the credit risk on mortgages with UPB totaling more than $1 trillion between them through various credit risk sharing programs

GSEs: Sharing Risk with Risky Players Like Wells Fargo

September 16, 2016

Yesterday Freddie Mac announced the latest tranche of its Structured Agency Credit Risk (STACR) debt notes, the mechanism by which Freddie has been transferring a significant portion of its mortgage credit risk on certain groups of loans to private investors. Freddie reports more than 200 unique investors, including insurers and reinsurers, have assumed a significant portion of credit risk on nearly $530 billion of unpaid balance principal on single-family mortgages.

Fannie Mae prices latest Connecticut Avenue securities risk sharing deal

August 4, 2016

Fannie Mae has priced its latest credit risk sharing transaction under its Connecticut Avenue Securities (CAS) series, a $1.2bn note offering scheduled to settle on Wednesday, August 10th. Fannie Mae is using these transactions to help build up the role of private capital in the US mortgage market and, at the same time, help reduce taxpayer risk

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