Volume 2014 - Number 26
July 3, 2014
Freddie Announces $285 Million ACIS Deal; GSE Risk-Sharing ‘Stellar’ One Year Later
Freddie Mac announced this week it has obtained insurance to cover some $285 million of losses on a pool of home loans as part of a risk-sharing effort encouraged by the government-sponsored enterprises’ regulator. The performance of these deals has been “stellar,” according to one analyst. The policies, tied to loans the GSE bought or guaranteed in the second quarter of 2013, were obtained under Freddie’s Agency Credit Insurance Structure. First rolled out in November 2013, this week’s most recent ACIS deal – the largest to date – demonstrates...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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