Fannie Mae is providing a monthly certification that its credit-risk sharing offerings comply with EU securitization requirements.

In an interview with IM&A, former Treasury official Craig Phillips says capitalize the GSEs and let them go.

Since 2013, CRT has cost Fannie Mae and Freddie Mac a combined $15 billion, but provided just $50 million in benefits, according to a new FHFA report.

Freddie had one of its busiest quarters ever in issuance of new STACR credit-risk transfer securities in the first quarter of 2021. Fannie remained out of the market. (Includes data chart.)

Freddie Mac’s first-quarter earnings report indicates the heady days of 2020 have continued into the new year.

JPMorgan Chase Bank’s third risk-sharing deal involving auto ABS is based on a reference pool of loans with an unpaid principal balance of $3.98 billion. The loans will remain on the bank’s books.

CRT investors now have a new investment opportunity: securities backed by warehouse lines of credit. The beginning of something big?

Institutional investors have yet to shy away from nonbank debt deals, which is good news for mortgage bankers tapping the capital markets.

In late 2020, Fannie came back into credit-risk transfers with a bespoke deal with one of its largest nonbank sellers. Freddie continued full speed ahead with more traditional STACR issuance. (Includes data chart.)