Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

engage.marketing 2021

We brought together the smartest minds in purchase marketing to share the insights, tactics and strategies that set the leaders apart. Watch the sessions on-demand now!

How Rocket Pro TPO continues to give its broker partners the upper hand

To remain competitive and create a better experience in this purchase environment, brokers need one thing above all: Speed. And there’s one lending partner that has the solutions and resources to give LOs just that.

Investments

Freddie Mac announces first credit risk-sharing deal of 2016

Right on schedule

After completing eight Structured Agency Credit Risk Series credit risk-sharing deals in 2015, Freddie Mac announced Tuesday that it plans to sell its first credit risk-sharing deal of 2016.

When Freddie Mac completed its eight STACR deal of 2015, it said that it planned eight more for 2016, with the first coming in January, so this new deal is right on time.

Freddie Mac said Tuesday that its latest STACR deal features debt notes of $996 million, subject to market conditions. Through the STACR program, Freddie Mac transfers a portion of its credit risk on certain single-family loans to private capital markets investors.

According to Freddie Mac, STACR Series 2016-DNA1 has a reference pool of recently acquired single-family mortgages with an unpaid principal balance of more than $35.7 billion.

As part of the deal, Freddie Mac holds the senior loss risk in the capital structure, and a portion of the risk in the Class M-1, M-2, M-3, and B Bonds.

Bank of America Merrill Lynch and J.P. Morgan will serve as co-lead managers and joint bookrunners. Barclays, Citigroup, Credit Suisse and Wells Fargo are co-managers, and Williams Capital is a selling group member.

The offering is scheduled to settle on or around Jan. 21, 2016.

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3d rendering of a row of luxury townhouses along a street

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