What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

How real estate agents can increase profitability in 2021

As real estate professionals strategize on how to do business in this competitive, fast-paced market, they’ll discover the need for better tools to market their listings.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

InvestmentsMortgage

Freddie Mac prices largest whole loan securities deal to date

Looks to sell first WLS transaction of 2017

Mortgage giant Freddie Mac announced the pricing of its fifth Freddie Mac Whole Loan Securities transaction, the first of 2017 and largest to date.

The transaction consists of about $640 million of guaranteed senior and non-guaranteed subordinate actual loss securities.

By shifting some of its credit risk from the underlying super-conforming mortgages to subordinate investors, WLS is an offering in Freddie Mac's single-family credit risk transfer program. WLS leverages the characteristics of traditional private label securities. To date, the company issued about $2.4 billion in WLS.

Freddie Mac first began offering this credit risk sharing method in November of 2015.

“We are pleased with the interest in our first WLS transaction of 2017, the largest WLS deal to date,” said Mike Reynolds, vice president of Freddie Mac Credit Risk Transfer. “Our work to educate investors about this asset class is ongoing and we look forward to continued strong investor interest in WLS.”

Barclays Capital and Bank of America Merrill Lynch are co-lead managers and joint bookrunners in the offering that is expected to settle later this month.

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

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