Fannie Mae closes 2015 risk-sharing program with latest deal with insurers

Senators bargain on HARP expansion Bruce Rauner said Tuesday he will talk about the Illinois Senate. The grand bargain includes a dozen bills covering spending, tax increases, a two-year property tax freeze, workers compensation.

As part of its effort to reduce the taxpayers’ burden, fannie mae announced Friday that it completed its fifth and sixth credit risk-sharing transactions as part of its Credit Insurance Risk Transfer program. Through these latest deals, Fannie Mae said that it has acquired more than $800 million of insurance coverage on over $32 billion [.]

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The bond markets continue to be volatile in the second quarter of 2015 with the ten year treasury being in the quarter at 1.92% and closing at 2.35% on June. 16.3% for overall 30 year fixed rate.

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The two deals. insurers," said Rob Schaefer, vice president for credit enhancement strategy & management, Fannie Mae. "We are pleased with the growing interest in our CIRT program and will continue.

As of the end of 2015, the GSEs have transferred at least some of the risk on $693.2 billion of unpaid principal balance through Fannie Mae’s CAS (Connecticut Avenue Securities) and Freddie Mac’s STACR (Structured Agency Credit Risk) transactions (see Table).

Fannie Mae Cumulative Single -Family Risk In Force. From 2013 through the end of June 2018, Fannie Mae transferred risk on approximately $1.4 trillion of UPB, with a total RIF of $42.5 billion, or 3.0 percent of UPB. Debt issuances (CAS) accounted for 75 percent of total RIF of CRT issuances. CREDIT RISK TRANSFER PROGRESS REPORT. Second Quarter.

Bracing For The Next Crash: Mortgage Reinsurance Emerges.. Mortgage Insurers Generally Managed Risk Internally. In December 2015, Fannie Mae updated its private mortgage insurer eligibility.

Risk Sharing, Or Not. Then, in the CAS deal done last month, Fannie paid one group of investors LIBOR plus 1175 points (that’s not a misprint) to split the first 100 basis points of losses, and paid two other groups of investors an average of LIBOR plus 500 basis points for coverage against 95 percent of losses over 100 and up to 400 basis points.

Capital Bank launches Capital Bank Home Loans Athena Home loans. capital raised has now ticked over $45 million, $40 million of which was banked in the past six months. Mr Walsh told The Australian Financial Review the start-up still had most.

established guidelines governing single -family credit risk sharing by Fannie Mae and Freddie Mac (the Enterprises) with the intent of reducing their overall risk and, therefore, the risk they pose to taxpayers while they are in conservatorship. Fannie Mae and Freddie Mac started to implement their credit risk transfer (CRT) programs in

CIRT 2015-6 became effective on November 1, 2015; on this transaction, Fannie Mae retains the risk for the first 50 basis points of loss on an $8.2 billion pool of loans, according to the GSE.

TWO sponsored 13 securitization deals backed by nearly $4 billion in prime jumbo mortgages since the program’s inception in 2013. Beginning August 1, three new reports will be available in Fannie.