Since the Federal Housing Finance Agency launched a credit risk transfer program for GSEs Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $60.6 billion in credit risk to private investors, amounting to about 3.3 percent of $1.8 trillion in unpaid principal balance, the FHFA said today. In the second quarter of 2017, the GSEs transferred about $6.4 billion worth of credit risk. Transfers include debt issuances, insurance and reinsurance transactions, senior-subordinate securitizations and several kinds of lender-collateralized recourse transactions.
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing payment stablecoins, as required by the Genius Act.









