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.
FDIC modifies approach to resolution planning for large banks
The goal is to focus the IDI resolution planning process on the operational information most relevant for the FDIC to resolve a large bank through a weekend sale or operate the institution for a short period of time...