Since the Federal Housing Finance Agency launched a credit risk transfer program for Fannie Mae and Freddie Mac in 2013, the enterprises have transferred $115 billion in credit risk to private investors, amounting to about 3.3% of unpaid principal balance, the FHFA said today. In 2019, the GSEs transferred $24 billion worth of credit risk. Transfers included debt issuances, insurance and reinsurance transactions, senior-subordinate securitizations and several kinds of lender-collateralized recourse transactions.
FDIC seeks public comment on proposed changes to bank merger policy
The FDIC is accepting public comment on its proposal to change how the agency will evaluate bank merger applications.