MCLEAN, VA--(Marketwired - Jan 3, 2017) - Freddie Mac (
"We are pleased with the continued expansion of our broker relationships, which has supported the steady growth of the ACIS program," said Gina Subramonian Healy, vice president of credit risk transfer. "This important network has not only helped us to educate and gain access to new markets but also strengthen our overall program."
Freddie Mac has led the market in introducing new risk-sharing initiatives with STACR, Whole Loan Securities(SM) (WLS(SM)) and ACIS, and was the first agency to market these types of credit risk transfer transactions. The company has since grown its investor base to more than 200 unique investors, including insurers and reinsurers. Since 2013, the company has transferred a substantial portion of credit risk on approximately $602 billion of UPB on single-family mortgages. Additional information about the company's single-family risk sharing offerings is at http://www.freddiemac.com/creditriskofferings/.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.