Freddie Mac Hits Credit Risk Transfer Milestone

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: FHA Makes Enhancements to Distressed Loan Sales Program Next: Fannie Mae’s Mortgage Portfolio Value Tumbles Share Save June 30, 2016 943 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Risk Transfer Freddie Mac 2016-06-30 Brian Honea Tagged with: Credit Risk Transfer Freddie Mac Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Freddie Mac Hits Credit Risk Transfer Milestone Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Hits Credit Risk Transfer Milestone The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Freddie Mac has obtained three new insurance policies under its Agency Credit Insurance Structure (ACIS) program, representing the largest aggregate transaction to date, and a new milestone reached.The new policies provide a combined maximum limit of approximately $788 million of losses on single-family loans and transfer much of the remaining credit risk associated with three of the Structured Agency Credit Risk debt issuances this year. These transactions, aided by Chicago-based risk management firm Aon Benfield, transfer “a significant portion of mortgage credit risk on approximately $75 billion of unpaid principal balance on single-family mortgages” Freddie Mac announced Thursday.All this means that Freddie Mac has now placed $5 billion in insurance coverage through 20 ACIS transactions since the program’s inception in 2013.”We are pleased to have reached another significant issuance milestone in our single-family credit risk transfer program,” said Kevin Palmer, senior vice president of single-family credit risk transfer for Freddie Mac. “Our evolving and maturing ACIS program continues to attract a growing amount of capital from domestic and foreign insurers and reinsurers, as evidenced by the record number of counterparties who helped to make today’s announcement possible.”Aon Benfield CEO Eric Andersen said, “After a period of educating insurers and reinsurers on U.S. mortgage credit risk, we have found they have become comfortable and very receptive to this new line of business. We are pleased to have the opportunity to continue to work alongside Freddie Mac to create sustainable re-insurance capacity in this sector, and consequently an ever more stable U.S. housing market environment.”Freddie Mac was the first agency to such types of credit risk transfer transactions as ACIS. Since 2013, through ACIS and other programs such as the Structured Agency Credit Risk (STACR) series, Freddie Mac has transferred a substantial portion of credit risk on more than $525 billion of unpaid principal balances on single-family mortgages. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Subscribelast_img read more

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Serie A: Brescia contemplate terminating Balotelli contract

first_img Loading… Mario Balotelli returns to training today, but Brescia reportedly contemplate terminating his contract in Lombardy.Advertisement Yesterday, coach Diego Lopez and the rest of the squad trained on the regular pitches, but Balotelli was nowhere to be seen.Rumours about a total breakdown between the former Italy international and President Massimo Cellino’s club emerged in Italian media.He had been training separately for a while and news agency ANSA reports the forward blamed ‘stomach ache’ for his sudden absence.Read Also: Ronaldo shows off new hairdo, seeks fans approvalBalotelli is back in training today, but the outlet insists his relationship with Brescia has deteriorated and claims to have heard discussions about an annulment of the current contract with the former Inter and Milan player.The soon to be 30-year-old seems set to leave his hometown club after just one season, but his current contract at the Mario Rigamonti doesn’t expire until June 2022.FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical10 Risky Jobs Some Women DoInsane 3D Spraying Skills Turn In Incredible Street ArtCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Non-Obvious Things That Damage Your Phone5 Of The World’s Most Unique Theme Parks6 Ridiculous Health Myths That Are Actually TrueThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalA Hurricane Can Be As Powerful As 10 Atomic Bombs33 Celebs Photos From Their Childhood: Will You Recognize Them?7 Facts About Black Holes That Will Blow Your Mind7 Ways To Understand Your Girlfriend Betterlast_img read more

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