Thursday, February 06, 2014 4:01:39 AM
Credit Risk Sharing:
Provides an additional avenue for sharing our mortgage credit risk.
Adds a layer of defense against loss to existing credit risk policies and processes.
Seeks to reduce the government’s participation in the mortgage market.
Benefits:
Enhances our ability to manage credit risk.
Allows us to share credit risk on our guaranty book of business with private market participants.
Reduces taxpayers’ credit risk exposure on Fannie Mae’s guaranty business.
Fulfills our public policy goal to re-start private investment in mortgage credit risk and aligns with objectives set forth in FHFA’s 2013 Conservatorship Scorecard.
Our goal is to develop multiple forms of risk-sharing with private market participants. Below are examples of transactions we are using to share credit risk.
Connecticut Avenue Securities are designed to share credit risk on a portion of our strongest performing single-family book—newly-originated, qualifying mortgage loans that are underwritten using strict credit standards and enhanced risk controls (implemented post housing crisis). Fannie Mae’s first credit-linked debt offering was priced on October 15, 2013. The Connecticut Avenue Securities program aims to offer ongoing investment opportunities that are scalable, and flexible enough to respond to market feedback, and are designed to have minimal, if any, impact on the To Be Announced (TBA) market.
An agreement with National Mortgage Insurance Corp. (National MI) to insure a pool of loans with an unpaid principal balance of over $5 billion was executed on July 15, 2013. This transaction entailed using a pool mortgage insurance policy to transfer a portion of the risk on a pool of high quality loans that Fannie Mae acquired in the fourth quarter of 2012.
http://www.fanniemae.com/portal/funding-the-market/credit-risk/
Recent NMIH News
- NMI Holdings, Inc. Reports Record First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/30/2024 08:01:00 PM
- NMI Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 30, 2024 • GlobeNewswire Inc. • 04/11/2024 08:05:00 PM
- National MI Announces Enhanced Integration With PMI Rate Pro • GlobeNewswire Inc. • 04/04/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 01:05:31 PM
- NMI Holdings, Inc. Announces CFO Transition • GlobeNewswire Inc. • 03/04/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:15:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 09:38:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:07:32 PM
- NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 02/14/2024 09:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:47:14 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:44:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:38:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:36:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:35:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:46:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:40:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:38:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:34:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:28:41 AM
- NMI Holdings, Inc. Receives Ratings Upgrade from Moody’s Investors Service • GlobeNewswire Inc. • 01/31/2024 07:38:16 PM
- NMI Holdings, Inc. Receives “A-” Insurer Financial Strength and “BBB+” Senior Debt Ratings from Fitch • GlobeNewswire Inc. • 01/19/2024 01:00:00 PM
- NMI Holdings, Inc. to Announce Fourth Quarter 2023 Financial Results on February 14, 2024 • GlobeNewswire Inc. • 01/19/2024 11:00:00 AM
- NMI Holdings, Inc. Announces Upgraded S&P Financial Strength Rating to BBB+ • GlobeNewswire Inc. • 01/11/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 11:18:07 PM
- NMI Holdings, Inc. Elevates William Leatherberry to Chief Administrative Officer • GlobeNewswire Inc. • 12/04/2023 09:06:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM