Items Tagged with 'Connecticut Avenue'


  • Fannie Mae offloads more credit risk in latest risk-sharing deal

    Announces pricing for deal featuring first-loss position
    As part of its ongoing effort to reduce taxpayer burden, Fannie Mae announced last week that it offloaded more credit risk in its latest Connecticut Avenue Securities risk-sharing deal. According to Fannie Mae, its latest Connecticut Avenue Securities deal, CAS 2016-C01, is its first to offer investors a portion of the first-loss position, further reducing taxpayer exposure to credit losses.
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  • FHFA: Fannie, Freddie risk-sharing bonds are here to stay

    And plenty more are coming too
    It looks like the credit risk-sharing bonds from Fannie Mae and Freddie Mac aren’t going away anytime soon. In fact, according to a new report from the Federal Housing Finance Agency, the three-year-old risk-sharing program, which is designed to help alleviate some of the financial risk for the taxpayers and attract private capital back into the market, is going to expand and improve on its current structure.
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  • Fannie Mae planning first actual loss credit risk-sharing deal

    Deal coming as early as fourth quarter
    As predicted by Fitch Ratings earlier this week, Fannie Mae is indeed preparing to issue its first actual loss credit risk-sharing deal, perhaps as early as the fourth quarter of 2015. Click through to learn more about what Fannie Mae intends to do next.
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  • Fannie Mae’s latest risk-sharing deal prices wide

    Bond backed by $53.8 billion in unpaid principal balance
    Fannie Mae announced that it priced its fourth, and final, risk-sharing bond deal of the year under its Connecticut Avenue Securities label, Connecticut Avenue Securities 2014-C04, which carried a total unpaid principal balance of $53.8 billion. The deal priced wide compared to Fannie’s last Connecticut Avenue offering.
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  • Fannie Mae readying fourth risk-sharing bond deal of 2014

    Connecticut Avenue Securities deal receives BBB ratings from DBRS
    Connecticut Avenue Securities 2014-C04 is backed by two pools of mortgages that carry a total unpaid principal balance of $53.8 billion. Group 1 contains 154,842 mortgages with original loan-to-value ratios greater than 60% and less than or equal to 80%. Group 2 has 80,662 mortgages with original LTV greater than 80% and lower than or equal to 97%.
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