Items Tagged with 'STACR'

ARTICLES

  • Freddie Mac explores credit-risk transfer idea to gain more REIT investors

    Intended to expand investor base for STACR securities
    Freddie Mac announced that it’s contemplating making a change to the structure of its Structured Agency Credit Risk (STACR) transactions in order to try and gain more investors. “From our preliminary analysis, which we’ve laid out in an accompanying fact sheet, we believe the potential enhancement to STACR would not disrupt the To Be Announced market,” said Mark Hanson, senior vice president of securitization with Freddie Mac.
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  • Conference dispatch: The overall non-agency mortgage market struggles, successes

    A take on two conferences
    Last week, owing to an apparent breakdown in internal communications, one of the industry’s leading conference producers held two competing securitization conferences on the East and West coasts. A few determined conference goers, including Mark Hughes, executive vice president with Clayton Holdings, racked up frequent flyers miles to attend both, giving HousingWire the scoop on what went on.
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  • Moody's: Bond investors will also benefit from FHFA HARP replacement

    Refi replacement will bolster GSE risk-sharing deals
    The Federal Housing Finance Agency shook up the mortgage world recently when it announced not only that it planned to extend the Home Affordable Refinance Program for nine additional months, but also that it planned to replace HARP with a new mortgage refinance program. A new report from Moody’s suggests that the new refinance program is also beneficial to the investors that buy up some of the credit risk tied to the mortgages.
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