Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
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Items Tagged with 'STACR'

ARTICLES

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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Freddie Mac’s second high-LTV risk-sharing bond prices tight

$33.43 billion deal carries average LTV of 91.6%
Ben Lane
STACR-HQ2 was even larger than Freddie Mac's first high LTV offering, with an unpaid principal balance of $33.43 billion and a weighted average LTV of 91.6%, spread across 147,771 loans. It priced tight compared to the first offering.
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Freddie Mac ups the risk-sharing ante again

New STACR deal is bigger and riskier
Ben Lane

Freddie Mac is preparing to break new ground in its credit risk-sharing offerings. STACR 2014-HQ2 carries loans with loan-to-value ratios as high as 95% and carries an unpaid principal balance of more than $33 billion.


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Freddie Mac breaks new ground with riskier STACR deal

Unloads $10 billion more in credit risk
Ben Lane

The new deal, STACR 2014-HQ1, carries an average LTV of 92% with a current pool balance of $9.975 billion spread across 45,112 loans. The loans have an average balance of $221,109 and were originated in the third and fourth quarters of 2013.


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Wells Fargo: Fannie, Freddie risk-sharing deals lose their edge

Tightening spreads mean investors can find greater yield elsewhere
Ben Lane
In Wells Fargo’s Mortgage Market Monitor, analysts Greg Reiter, Mark Fontanilla, Randy Ahlgren, and Maria Mascia write, “we think the upside potential particularly of the risk-sharing transactions has dissipated.” Will investors look to other subsectors for more risk?
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Fitch will rate second Freddie Mac risk-sharing deal

STACR (part two) will carry a triple-B rating
Jacob Gaffney
Freddie Mac will be responsible for making monthly payments of interest and principal to investors based on the payment priorities set forth in the transaction documents.
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