McLean, Virginia., January 26, 2023 (GLOBE NEWSWIRE) — freddie mac (OTCQB: FMCC) Today, the company’s single-family and multi-family credit risk transfer (CRT) programs $833 million Above $50 billion Mortgage Unpaid Principal Balance (UPB), Brokerage Aona world-leading professional services firm, was sub-brokered by Certified Minority Business Enterprise (MBE) Protecdiv in 2022.
“Freddie Mac is committed to including qualified, diverse-owned companies in its financial services procurement. Mike Reynolds, freddie mac Vice President of CRT.
“As part of our overall effort to bring greater equity to the housing finance industry, we are actively seeking third-party certified and self-certified minority businesses that can meet our stringent requirements.” Jeff ShuSenior Director of Single-Family CRT.
Freddie Mac’s Single Family CRT ACIS® (Agency Credit Insurance Structure) program has completed three (re)insurance transactions in 2022. Aon As a broker, Protecdiv as a sub-broker. These include ACIS 2022-SPH3, November 2022and ACIS 2022-SPL6 and ACIS 2022-SPL7 are December 2022Transactions summed together $634 million credit protection of $44.6 billion Loan UPB.
“Protecdiv is an accredited MBE brokerage firm dedicated to enterprise-scale large-scale risk. increase. freddie mac is committed to supporting equity across the housing industry,” said Freddie Mac. Robert KoontzSenior Vice President Multi-Family Capital Market.
of November 2022, freddie mac have completed Multi-family credit insurance pool (MCIP) Insurance-Based Credit Risk Sharing Transactions, MCIP 2022-R5, $198.9 million in the reference pool of $5.5 billion UPB, Aon As a broker, Protecdiv as a sub-broker.
Joe MonaghanGlobal Growth Leader of Aon’s Reinsurance Solutions and CEO of Aon’s public sector partnerships“Aon has proudly served freddie mac For nearly 10 years, we have brokered groundbreaking mortgage reinsurance programs. We are thrilled to be working with Protecdiv as we continue to deliver on Freddie Mac and Aon’s shared commitment to inclusion and diversity, innovation and increasing impact. ”
“We are happy to work together freddie mac And to help it accomplish its important missions, which include working to improve equity in the mortgage industry. ” Cale Coleman, Founder and CEO of Protecdiv. “Protecdiv was built to address the diversity goals of large corporate suppliers. we companies and public bodies. Through our proud collaboration with Aon, we now have the scale to serve large enterprises, with diverse supplier qualifications and extensive expertise. ”
About Freddie Mac Credit Risk Transfer
Freddie Mac’s Single-Family CRT and Multi-Family CRT programs mitigate credit risk. we Providing stability, liquidity and affordability for taxpayers to global private capital through securities and (re)insurance policies we housing market. The GSE single family CRT market was established in freddie mac First STACR® (Structured Agency Credit Risk) Notes issued July 2013. of November 2013, ACIS® (Agency Credit Insurance Structure®) was introduced. Today, our industry-leading and award-winning programs attract institutional investors and (re)insurers around the world. For specific STACR and ACIS transaction data, see Clarity Data Intelligence.SM.
freddie mac MSCR (Multifamily Structured Credit Risk) Notes and MCIP (Multi-family credit insurance pool) credit risk transfer program May 2016 When December 2018 Respectively. Both programs are currently attracting institutional investors and (re)insurers worldwide. For specific MSCR and MCIP trade data, please visit Multifamily Securities Investor Access.
almost freddie mac
freddie mac Enabling millions of families and individuals to live in their homes by providing mortgage capital to lenders.since our creation meeting In 1970, it provided more accessible and affordable housing for homebuyers and renters in communities across the country. We are building a better home finance system for homebuyers, renters, lenders, investors and taxpayers. For more information, visit FreddieMac.com. twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.
almost Aon
Aon plc (NYSE: AON) exists to shape better decisions to protect and enrich the lives of people around the world. Our colleagues provide advice and solutions to clients in over 120 countries and sovereignty, giving them the clarity and confidence to make better decisions to protect and grow their businesses.follow Aon at LinkedIn twitter, Facebook, Instagram. Please visit to get the latest information. Aon Visit Newsroom and sign up for news alerts.
About protective
Protecdiv believes in: social improvement Mortgage risk transfer advisors serving large public and private companies, as well as governments and government-sponsored agencies, through insurance as a property and casualty insurance and reinsurance broker. Protecdiv is a Minority Business Enterprise (MBE) certified by NMSDC and other certification bodies. For more information, please visit https://protecdiv.com/.
Media Contact: Fred Solomon
703-903-3861
Frederick_Solomon@freddiemac.com
sauce: freddie mac
2023 GlobeNewswire, Inc. Source Press release
