Freddie Mac Further Increases Transparency for Inv
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MCLEAN, VA--(Marketwired - Sep 5, 2017) - Freddie Mac (
"Transparency is a significant issue for investors, and today Freddie Mac took another big step in enhancing it for ACIS and WLS transactions," said Kevin Palmer, SVP of single-family portfolio management. "Credit risk transfer is one of the most transparent programs in the market, and we'll continue to look for ways to enhance it."
Freddie Mac has led the market in introducing new credit risk-sharing offerings with STACR, ACIS and WLS. The company has since grown its investor base to more than 220 unique investors, including insurers and reinsurers. Since 2013, the company has transferred a significant portion of credit risk on approximately $760 billion of UPB on single-family mortgages.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com , Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog .
MEDIA CONTACT: Lisa Gagnon 703-903-3385 Lisa_Gagnon@FreddieMac.com