11/12/2013
“FHFA is pleased that Freddie Mac has completed another risk-sharing transaction—an insurance policy with Arch Reinsurance Ltd. that covers up to $77.4 million of potential losses on a pool of loans guaranteed by Freddie Mac.
“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. 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.”
Corinne Russell / 202-649-3032, Stefanie Johnson / 202-649-3030