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MCLEAN, Va. (GLOBE NEWSWIRE) January 26, 2023 — freddie mac (FMCC) today announced its single-family and multifamily homes. Credit Risk Transfer (CRT) The program has obtained approximately $833 million of credit protection on over $50 billion of unpaid principal balance (UPB) of mortgages. 2022.
Mike Reynolds, vice president of CRTs at Freddie Mac, said:
Jeff Shue, Freddie Mac’s Senior Director of Single-Family, said: CRT.
Freddie Mac’s single-family CRT ACIS® (Agency Credit Insurance Structure) program has completed three (re)insurance transactions in 2022, with Aon as broker and Protecdiv as sub-broker. These include ACIS 2022-SPH3, completed in November 2022, and ACIS 2022-SPL6 and ACIS 2022-SPL7, completed in December 2022. Combined, these deals provided a total of $634 million in credit protection against his $44.6 billion UPB loan.
“Protecdiv is an accredited MBE brokerage firm dedicated to enterprise-scale large-scale risk. Freddie Mac is committed to supporting equities across the housing industry,” said Robert Koontz, senior vice president of multifamily capital markets at Freddie Mac.
In November 2022, Freddie Mac completed MCIP 2022-R5, an insurance-based credit risk sharing transaction for the Multifamily Credit Insurance Pool (MCIP). This means that in his UPB reference pool of $5.5 billion he covers $198.9 million, with Aon as broker and Protecdiv as intermediary. subbroker.
Joe Monahan, Global Growth Leader for Aon Reinsurance Solutions and CEO of Aon Public Sector Partnerships, said: Freddy He is excited to work with Protecdiv as he continues to deliver on Mac and Aon’s shared commitment to inclusivity, diversity, innovation and increasing impact. ”
Kael Coleman, Founder and CEO of Protecdiv, said: “Protecdiv was built to meet the supplier diversity goals of large US corporations and public sector institutions. Through our proud collaboration with Aon, we now have , and has the scale to serve large enterprises.”
About Freddie Mac Credit Risk Transfer
freddie mac Detached house CRT and Multifamily CRT programs, through securities and (re)insurance policies, transfer credit risk from U.S. taxpayers to global private capital, providing stability, liquidity, and affordability to the U.S. housing market. increase. The GSE Single Family CRT Market was established when Freddie Mac issued his first STACR® (Structured Agency Credit Risk) note in July 2013. ACIS® (Agency Credit Insurance Structure®) was introduced in November 2013. Today, our industry-leading and award-winning programs attract institutional investors and (re)insurers around the world. For specific STACR and ACIS transaction data, please visit: Clarity Data IntelligenceSM.
Freddie Mac introduced MSCR (Multifamily Structured Credit Risk) Notes and MCIP (Multifamily Credit Insurance Pool) into its credit risk transfer program in May 2016 and December 2018, respectively. Both programs are currently attracting institutional investors and (re)insurers worldwide. For specific MSCR and MCIP transaction data, please visit: Multi-Family Securities Investor Access.
About Freddie Mac
By providing mortgage financing to lenders, Freddie Mac provides homes for millions of families and individuals. Since being founded by Congress in 1970, we have made homes more accessible and affordable for homebuyers and renters in communities across the country. We are building a better home finance system for homebuyers, renters, lenders, investors and taxpayers.Click here for details FreddieMac.comtwitter @Freddie Mac, and Freddie Mac’s blog FreddieMac.com/Blog.
About Aon
Aon plc (: AON) exists to make 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 on LinkedIn. twitter, Facebook, Instagram. Stay up to date by visiting the Aon Newsroom and sign up for news alerts here.
About protective
Protecdiv, as a property and casualty insurance and reinsurance broker, believes in improving society through insurance. 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
[email protected]
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