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GSE Roundup

April 10, 2015
Freddie Pre-markets STACR Offering. Freddie Mac announced on April 6 a plan to pre-market its first actual loss STACR offering, STACR 2015-DNA1, starting April 13, subject to market conditions. Instead of allocating losses to the debt note based on a fixed severity approach, losses will allocated based on the actual losses realized on the related reference obligations. One Analysis of the Upcoming G-Fee and LLPA Announcement. In anticipation of the announcement surrounding guaranty fees and loan level price adjustment requirements, FBR Capital Markets released a couple of observations on April 8 regarding the possible income and impact on the market. “We still believe G-fees and LLPAs will be cut for a significant percentage of mortgage production,” FBR analysts said. However...
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