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Items Tagged with 'STACR'

ARTICLES

Freddie Mac back with new high-LTV risk-sharing mortgage bond

STACR 2015-HQ2 features loans with 80-95% loan-to-value ratio
Ben Lane
Freddie Mac is back in the market with its fourth risk-sharing deal of the year, as the government-sponsored enterprise continues in its push to alleviate the risk to the American taxpayers. Meet Freddie's latest STACR deal.
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Market demand causes Freddie Mac to upsize first actual loss STACR deal

STACR Series 2015-DNA1 increased from $720 million to $1.01 billion
Ben Lane
Citing market demand, Freddie Mac increased the size of its latest Structured Agency Credit Risk series offering, which gives investors the opportunity to secure actual loss positions for the first time. Here are the details.
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Freddie Mac to sell actual loss position in new STACR deal

GSE breaks new ground in risk-sharing deals
Ben Lane
Freddie Mac is preparing to break new ground in its credit risk-sharing deals by offering investors something that they’ve been unable to get their hands on until now — exposure to actual losses on mortgages.
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Freddie Mac prices first high-LTV risk-sharing bond of 2015

STACR 2015-HQ1 features loans with 80-95% loan-to-value ratio
Ben Lane
Freddie Mac priced its first high loan-to-value risk-sharing bond of 2015, which is supported by loans with LTV ratios of 80-95%. According to Freddie Mac, the deal was greeted positively by investors.
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Freddie Mac prepping first high-LTV risk-sharing bond of 2015

STACR 2015-HQ1 features loans with 80-95% loan-to-value ratio
Ben Lane
Freddie Mac broke new ground last year when it offered even more credit risk with a new risk-sharing deal structure, supported by loans with loan-to-value ratios of 80-95%. Now, Freddie is back with its first high-LTV mortgage bond of 2015, STACR 2015-HQ1.
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Freddie Mac prices first 2015 STACR risk-sharing deal

Offered first-loss position for first time
Ben Lane
Freddie Mac announced the pricing of its first Structured Agency Credit Risk transaction of 2015, which marked the first time that investors were offered the opportunity to purchase the first-loss position in a risk-sharing deal.
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Freddie Mac to sell first-loss position in new risk-sharing deal

Announces new STACR program features
Ben Lane
Freddie Mac is planning to bring its second credit risk-sharing offering of 2015 to market soon, but this new offering will be unlike any of the other risk-sharing deals Freddie has offered up so far. The deal will give investors something that they’ve been unable to get their hands on until now — the first-loss position.
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Freddie Mac doubles down on credit risk offload to insurers

Backstops remaining credit risk from three STACR deals
Ben Lane
Freddie Mac has made its first move of the year as part of its continuing effort to limit the American taxpayer's liability. Freddie announced that has obtained a number of insurance polices designed to cover much of the remaining credit risk associated with three of its Structured Agency Credit Risk transactions from 2014.
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Freddie Mac offloads $155 million of credit risk to insurers

Fourth ACIS transaction brings total credit risk offload to $205 billion
Ben Lane
As part of its continuing effort to limit the American taxpayers’ liability, Freddie Mac obtained a number of insurance polices designed to cover potential losses on a $155 million pool of single-family loans.
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Freddie Mac to make loan-level loss data available to investors

Aims to increase transparency in credit risk-sharing offerings
Ben Lane
"It is important for investors to have this expanded view of credit risk, especially as we continue to grow and evolve our credit risk offerings,” said Kevin Palmer, vice president of single-family strategic credit costing and structuring for Freddie Mac.
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