Browsing: FHFA

Mortgage

The Federal Housing Finance Agency today announced that former Commodity Futures Trading Commission Chairman Christopher Giancarlo will serve as independent, non-executive chairman of the board of Common Securitization Solutions, a joint venture between Fannie Mae and Freddie Mac to support their uniform mortgage-backed security.

Mortgage

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 $102 billion in credit risk to private investors, amounting to about 3.3% of $3.1 trillion in unpaid principal balance, the FHFA said today. For the first half of 2019, the GSEs transferred about $10.5 billion worth of credit risk. Transfers included debt issuances, insurance and reinsurance transactions, senior-subordinate securitizations and several kinds of lender-collateralized recourse transactions.

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