Freddie Mac Single-Family Credit Risk Transfer Program Marks 100th ACIS® Transaction
Freddie Mac's Single-Family Credit Risk Transfer (CRT) Program has reached a significant milestone with its 100th ACIS® (Agency Credit Insurance Structure) transaction. Since 2013, the program has credit protected over $2.5 trillion in unpaid principal balance (UPB) of mortgage loans through $35 billion of ACIS coverage with (re)insurers. The latest transaction, ACIS 2024-SPH2, transfers risk on a pool of 20-year to 30-year fixed-rate mortgages with a total liability limit of $376 million.
In the first half of 2024, Freddie Mac's CRT issuance totaled nearly $3.2 billion, protecting over $99 billion UPB of mortgage loans. The company also executed tender offers and call options on previous transactions. As of June 30, 2024, approximately 62% of Freddie Mac's Single-Family mortgage portfolio was covered by credit enhancement. Since 2013, Freddie Mac has cumulatively transferred about $111 billion of credit risk on more than $3.5 trillion of single-family mortgages.
Il programma di trasferimento del rischio di credito per le abitazioni unifamiliari di Freddie Mac ha raggiunto un traguardo significativo con la sua 100a transazione ACIS® (Struttura di Assicurazione del Credito dell'Agenzia). Dal 2013, il programma ha protetto oltre $2,5 trilioni di saldo principale non pagato (UPB) di prestiti ipotecari attraverso $35 miliardi di copertura ACIS con (ri)assicuratori. L'ultima transazione, ACIS 2024-SPH2, trasferisce il rischio su un pool di mutui a tasso fisso da 20 a 30 anni con un limite di responsabilità totale di $376 milioni.
Nella prima metà del 2024, le emissioni CRT di Freddie Mac hanno raggiunto quasi $3,2 miliardi, proteggendo oltre $99 miliardi di UPB di prestiti ipotecari. L'azienda ha inoltre eseguito offerte di acquisto e opzioni di call su transazioni precedenti. Al 30 giugno 2024, circa il 62% del portafoglio ipotecario unifamiliare di Freddie Mac era coperto da un potenziamento del credito. Dal 2013, Freddie Mac ha trasferito cumulativamente circa $111 miliardi di rischio di credito su oltre $3,5 trilioni di mutui unifamiliari.
El Programa de Transferencia de Riesgo de Crédito para Viviendas Unifamiliares de Freddie Mac ha alcanzado un hito significativo con su 100ª transacción ACIS® (Estructura de Seguro de Crédito de la Agencia). Desde 2013, el programa ha protegido más de $2.5 billones en saldo principal impago (UPB) de préstamos hipotecarios a través de $35 mil millones en cobertura ACIS con (re)aseguradores. La última transacción, ACIS 2024-SPH2, transfiere riesgo sobre un grupo de hipotecas de tasa fija de 20 a 30 años con un límite total de responsabilidad de $376 millones.
En la primera mitad de 2024, la emisión de CRT de Freddie Mac totalizó casi $3.2 mil millones, protegiendo más de $99 mil millones en UPB de préstamos hipotecarios. La compañía también llevó a cabo ofertas de compra y opciones de llamada en transacciones anteriores. Hasta el 30 de junio de 2024, aproximadamente el 62% de la cartera hipotecaria unifamiliar de Freddie Mac estaba cubierta por un refuerzo de crédito. Desde 2013, Freddie Mac ha transferido acumulativamente alrededor de $111 mil millones de riesgo de crédito sobre más de $3.5 billones de hipotecas unifamiliares.
프레디 맥의 단독가족 대출 신용 위험 전이(CRT) 프로그램은 100번째 ACIS®(기관 신용 보험 구조) 거래라는 중요한 이정표에 도달했습니다. 2013년 이후, 이 프로그램은 모기지 대출의 미지급 원금 잔액(UPB) 2.5조 달러 이상을 신용 보호하며 (재)보험사와 함께 350억 달러의 ACIS 커버리지를 제공합니다. 최신 거래인 ACIS 2024-SPH2는 3억 7600만 달러의 총 책임 한도를 가진 20년에서 30년 고정 금리 모기지 풀에 대한 위험을 전가합니다.
2024년 상반기에 프레디 맥의 CRT 발행은 32억 달러에 달하며, 990억 달러 이상의 UPB의 모기지 대출을 보호했습니다. 회사는 또한 이전 거래에 대한 매수 제안 및 콜 옵션을 수행했습니다. 2024년 6월 30일 기준으로 프레디 맥의 단독가족 모기지 포트폴리오의 약 62%가 신용 강화로 보장되었습니다. 2013년 이후 프레디 맥은 3.5조 달러 이상의 단독가족 모기지에 대한 신용 위험을 약 1110억 달러 전이했습니다.
Le programme de transfert de risque de crédit de Freddie Mac pour les logements unifamiliaux a atteint une étape importante avec sa 100e transaction ACIS® (Structure d'assurance crédit d'agence). Depuis 2013, le programme a protégé plus de 2,5 billions de dollars de solde principal impayé (UPB) de prêts hypothécaires grâce à 35 milliards de dollars de couverture ACIS avec des assureurs (ré)assureurs. La dernière transaction, ACIS 2024-SPH2, transfère le risque d'un pool de prêts hypothécaires à taux fixe de 20 à 30 ans avec un plafond total de responsabilité de 376 millions de dollars.
Au cours de la première moitié de 2024, l'émission CRT de Freddie Mac a totalisé près de 3,2 milliards de dollars, protégeant plus de 99 milliards de dollars UPB de prêts hypothécaires. La société a également exécuté des offres d'achat et des options d'appel sur des transactions antérieures. Au 30 juin 2024, environ 62 % du portefeuille hypothécaire unifamilial de Freddie Mac était couvert par des garanties de crédit. Depuis 2013, Freddie Mac a transféré cumulativement environ 111 milliards de dollars de risque de crédit sur plus de 3,5 billions de dollars de prêts hypothécaires unifamiliaux.
Das Einzelwohnungs-Kreditrisikoübertragungsprogramm (CRT) von Freddie Mac hat einen bedeutenden Meilenstein mit seiner 100. ACIS® (Agency Credit Insurance Structure) Transaktion erreicht. Seit 2013 hat das Programm über 2,5 Billionen Dollar an unbezahltem Nennbetrag (UPB) von Hypothekendarlehen kreditgeschützt durch 35 Milliarden Dollar ACIS-Versicherung mit (Rück-)Versicherern. Die letzte Transaktion, ACIS 2024-SPH2, überträgt das Risiko auf einen Pool von 20 bis 30 Jahre Festzins-Hypotheken mit einem Gesamtverantwortungshöchstbetrag von 376 Millionen Dollar.
In der ersten Hälfte von 2024 belief sich die CRT-Emission von Freddie Mac auf nahezu 3,2 Milliarden Dollar und schützte über 99 Milliarden Dollar UPB von Hypothekendarlehen. Das Unternehmen hat außerdem Rückkaufangebote und Call-Optionen auf frühere Transaktionen durchgeführt. Zum 30. Juni 2024 war ungefähr 62% des Einzelwohnungen-Hypothekenportfolios von Freddie Mac durch Kreditverbesserungen gedeckt. Seit 2013 hat Freddie Mac kumuliert etwa 111 Milliarden Dollar Kreditrisiko auf mehr als 3,5 Billionen Dollar an Einzelwohnungen-Hypotheken übertragen.
- Reached 100th ACIS transaction milestone, demonstrating program stability and growth
- Credit protected over $2.5 trillion in unpaid principal balance since 2013
- $3.2 billion in CRT issuance in first half of 2024, protecting over $99 billion UPB
- 62% of Single-Family mortgage portfolio covered by credit enhancement
- Cumulatively transferred $111 billion of credit risk on more than $3.5 trillion of mortgages since 2013
- None.
MCLEAN, Va., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Freddie Mac’s (OTCQB: FMCC) Single-Family Credit Risk Transfer’s (CRT) Program announced today that it has closed its 100th ACIS® (Agency Credit Insurance Structure) transaction. Since the first transaction in 2013, Freddie Mac has credit protected more than
“For over a decade, the ACIS program has helped reduce Freddie Mac’s credit risk while offering (re)insurers worldwide an opportunity to invest in and support the U.S. single-family residential credit market,” said Freddie Mac’s Christian Valencia, vice president of Single-Family CRT. “Whether as stand-alone transactions or paired with our pioneering STACR® (Structured Agency Credit Risk) offerings, every ACIS contract features large, well-diversified loan reference pools managed according to Freddie Mac’s end-to-end risk mitigation protocols.”
The 100th transaction, ACIS 2024-SPH2, transfers risk on an initial reference pool of fully amortizing 20-year to 30-year fixed rate first lien mortgages with original LTVs greater than 80 percent and less than or equal to 97 percent. The total limit of liability is
“We’re proud to have worked with nearly 60 (re)insurers from the very first ACIS transaction to the 100th and we’re grateful for their years of support,” said Freddie Mac Senior Director Jeff Shue, head of the ACIS program. “The commitment of our (re)insurance counterparties has contributed much to making ACIS the innovative and respected credit risk transfer vehicle it is today.”
Freddie Mac Single-Family CRT in the First Half of 2024
Total CRT issuance from Freddie Mac’s flagship STACR and ACIS transactions in the first half of 2024 approached
Additionally in the first half, the company executed two tender offers for approximately
As of June 30, 2024, approximately 62 percent of the Freddie Mac Single-Family mortgage portfolio was covered by credit enhancement including private mortgage insurance.
Freddie Mac launched its Single-Family CRT program in 2013. Since then, Freddie Mac has cumulatively transferred approximately
About Freddie Mac Single-Family Credit Risk Transfer
Freddie Mac’s Single-Family CRT programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies, providing stability, liquidity and affordability to the U.S. housing market. The GSE Single-Family CRT market was founded when Freddie Mac issued the first STACR® (Structured Agency Credit Risk) notes in July 2013. In November 2013, ACIS® (Agency Credit Insurance Structure) was introduced. Today, the industry-leading and award-winning programs attract institutional investors and (re)insurance companies worldwide. For specific STACR and ACIS transaction data, visit Clarity Data Intelligence®.
About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Chad Wandler
703-903-2446
Chad_Wandler@freddiemac.com
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