Items Tagged with 'connecticut avenue securities'


  • Fannie Mae makes plan to draw more REIT investors into credit-risk transfers

    Proposes new structure to Connecticut Avenue Securities
    Fannie Mae proposed a new structure to its benchmark Connecticut Avenue Securities credit risk transfer program to potentially help draw in more Real Estate Investment Trust investors. If done well, the move should avoid any disruption of the To-Be-Announced Mortgage Backed Security market.
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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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  • 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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