Freddie Mac Further Increases Transparency for Investors
Provides New CRT Pricing Disclosures
Get Alerts FMCC Hot Sheet
Join SI Premium – FREE
MCLEAN, VA -- (Marketwired) -- 09/05/17 -- Freddie Mac (OTCQB: FMCC) today announced that it is making available pricing and deal terms for all Agency Credit Insurance Structure (ACIS®) and Whole Loan Securities (WLS(SM)) transactions to date. Both are important offerings in its Credit Risk Transfer (CRT) program. This builds on similar disclosures for Freddie Mac's flagship Structured Agency Credit Risk (STACR®) program. Pricing disclosures for STACR, ACIS and WLS can be accessed on FreddieMac.com.
"Transparency is a significant issue for investors, and today Freddie Mac took another big step in enhancing it for ACIS and WLS transactions," said Kevin Palmer, SVP of single-family portfolio management. "Credit risk transfer is one of the most transparent programs in the market, and we'll continue to look for ways to enhance it."
Freddie Mac has led the market in introducing new credit risk-sharing offerings with STACR, ACIS and WLS. The company has since grown its investor base to more than 220 unique investors, including insurers and reinsurers. Since 2013, the company has transferred a significant portion of credit risk on approximately $760 billion of UPB on single-family mortgages.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
MEDIA CONTACT: Lisa Gagnon 703-903-3385 [email protected]
Source: Freddie Mac
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 30-year mortgage rate edges up to 6.49%, Freddie Mac says
- First Hydrogen Advances AI-Enabled Defence and Counter-Drone Capabilities for Autonomous UGV Platform
- Clarivate Selected by Abes to Modernize French National Academic Library System
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share