Share Freddie,Freddie Mac Cuts Taxpayers’ Exposure to Risk with Insurance Purchase In an effort to mitigate potential losses incurred by a questionable pool of single-family loans, “”Freddie Mac””:http://www.freddiemac.com announced Tuesday that it has obtained an insurance policy underwritten by “”Arch Reinsurance Ltd””:http://www.archreinsurance.bm/default.shtml. The policy will cover up to $77.4 million of credit losses for a portion of the credit risk associated with a pool of single-family loans funded in the third quarter of 2012, and is in line with the GSE’s goal of sharing credit risk with the private market. [IMAGE]This new insurance coverage is intended to attract new sources of private capital from non-mortgage guaranty insurers and reinsurers interested in assuming a portion of the credit risk on specified portions of Freddie Mac’s high-quality single-family mortgage loan portfolio.[COLUMN_BREAK]””This is part of our business strategy to expand risk-sharing with private firms, thus reducing taxpayers’ exposure to losses from mortgage foreclosures,”” said David Lowman, EVP of single-family business for Freddie Mac. “”We have brought to the market new sources of capital for transferring mortgage credit risk away from taxpayers. We’ve tapped into the global insurance community’s appetite for U.S. mortgage credit exposure, and would like to do more of these policies in the future.””This year Freddie Mac introduced new risk sharing initiatives with two STACR debt offerings and credit insurance. STACR debt notes were among the largest credit security offerings in the market.The credit risk initiatives support the “”Federal Housing Finance Agency’s””:http://www.fhfa.gov (FHFA) goals for the GSEs to demonstrate the viability of multiple types of risk transfer transactions involving single-family mortgages.””The completion of this deal is unique in that it is with a diversified non-mortgage insurer and it demonstrates yet another approach to risk sharing with investors,”” said Edward DeMarco, acting director of FHFA. “”The transaction supports FHFA’s 2013 conservatorship scorecard and FHFA’s strategic plan for the enterprise conservatorships, reducing Freddie Mac’s market footprint and ultimately protecting taxpayers.”” in Secondary Market November 13, 2013 432 Views Agents & Brokers Attorneys & Title Companies Edward DeMarco FHFA Freddie Mac Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2013-11-13 Ashley Harris
Top Stories Former Cardinals kicker Phil Dawson retires 7 Comments Share The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo The Cardinals took a 7-0 lead within in the first four minutes on Sunday thanks to 54 yards by the newcomer running back, who was acquired just this past week from the New Orleans Saints.Peterson finished the day with 134 yards on 26 carries (5.2 yards per carry) and two touchdowns in the 38-33 Arizona win.And with that first Arizona drive and the veteran back’s first four touches, Peterson had already eclipsed an individual rushing total by an Arizona back for any of the team’s six games so far this season.Chris Johnson, who was released as part of the Peterson addition, held that honor with a high of 44 rushing yards in Week 2 against the Indianapolis Colts.By the end of the second drive, Peterson had tallied 76 rushing yards on seven carries, coming five yards shy of his 81 total yards on 27 rushes for the Saints. As the Cardinals led 24-0 at halftime, he had 85 yards on 11 totes in the first half for a 7.7 yard-per-carry average.Peterson eclipsed the 100-yard mark in the third quarter with his 14th carry. – / 37 Adrian Peterson on the board in Arizona. pic.twitter.com/MblBGQXazq— Jeff Eisenband (@JeffEisenband) October 15, 2017First, an eight-yard rumble, dragging tacklers. Two plays later, Adrian Peterson rushed another eight yards.Eleven more by bouncing to the outside and an 18-yard Carson Palmer pass completion later, and Peterson, in his debut with the Arizona Cardinals for their Week 6 hosting of the Tampa Bay Buccaneers, found a hole and burst through it for a 27-yard touchdown. Derrick Hall satisfied with D-backs’ buying and selling New Arizona Cardinals running back Adrian Peterson answers a question about being traded to the Cardinals during an NFL football news conference at the team’s training facility Wednesday, Oct. 11, 2017, in Tempe, Ariz. (AP Photo/Ross D. Franklin) Grace expects Greinke trade to have emotional impact
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