Integrated Mortgage Insurance℠ (IMAGIN℠) is a new way to attract private capital to the low down-payment market. IMAGIN is open to reinsurers that meet Freddie Mac’s stringent counterparty standards, which include capital and collateralization requirements. IMAGIN is not a replacement for traditional MI; it is an alternative to the traditional system that may result in lower MI premiums and thus lowered costs for borrowers.