A Q&A with Mike Reynolds, VP of Single-Family Credit Risk Transfer
December 16, 2019 | Originally published on GlobalCapital.com
Freddie Mac’s single-family credit risk transfer program, including its STACR® (Structured Agency Credit Risk) offering, hit some key milestones in 2019. For one, the firm surpassed the $50 billion mark for total issuance since the inception of the program in 2013. Second, Freddie Mac introduced a REMIC structure, helping make CRT bonds more attractive to existing investors while appealing to new ones. With the U.S. housing market and macroeconomic environment continuing its strong performance, even in the late stages of the credit cycle, Freddie Mac experts see a lot of opportunity ahead for STACR. Mike Reynolds, vice president of single-family credit risk transfer, gives thoughts on the growth of the program in 2019 and expectations for the coming year.
Find out how Credit Risk Transfer creates investor opportunities while strengthening the U.S. mortgage market.