Freddie Mac Earns Three MBS Awards From GlobalCapital: Best Securitization, RMBS Issuer and RMBS Deal of the Year
OREANDA-NEWS. May 23, 2016. For the second consecutive year Freddie Mac's (
These are one of the premier capital markets awards that pay tribute to the achievements of issuers, investors, banks and law firms in the past 12 months. The awards are the result of a poll for nominees and open voting from industry members.
"It's an honor to receive three awards that were determined by our peers. We have evolved our risk management framework and practices since the financial crisis and are setting the standard for what we bring to the market," said Mike Reynolds, vice president of Credit Risk Transfer for Freddie Mac.
"We ask voters not just to consider the largest banks or issuers, but to reward innovation, market expertise or the ability to unearth a new pot of investors," said Max Adams, global securitization editor for GlobalCapital in New York.
Of the three nominees for RMBS Deal of the Year, two were Freddie Mac: STACR 2015-HQA-1 and Whole Loan Securitiessm (FWLS 2015 SC01).
Kevin Palmer, senior vice president of Credit Risk Transfer for Freddie Mac, added, "The agency credit securities market will celebrate its third birthday in June. It looks like this asset class is here to stay and is helping us access multiple pockets of capital."
The first STACR transaction in 2013 sparked demand that has been growing steadily. Freddie Mac was the first agency to market credit risk transfer transactions with STACR, Whole Loan Securities(SM) (WLS(SM)) and Agency Credit Insurance Structure (ACIS®) and has since grown its investor base to more than 200 unique investors, including many of the largest money managers in the U.S. Through STACR, WLS and ACIS, Freddie Mac has transferred a substantial portion of credit risk on more than \\$451 billion of UPB on single-family mortgages. Previous awards are 2015 STACR Deal of the Year by GlobalCapital, 2014 Global Structured Deal of the Year by Euromoney and 2014 U.S. Deal of the Year by The Banker.
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.
Комментарии