Kevin Palmer, SVP Portfolio Management, Single Family, Freddie Mac Freddie Mac, the US government-sponsored enterprise (GSE) that provides liquidity to the US mortgage markets by buying mortgages from lenders, wants to increase the panel of reinsurers it works with over time to as many as 50—a move intended to ensure its credit risk transfer programme will remain stable and sustainable in the long term. To continue reading, you need a subscription to Intelligent Insurer. If you have already subscribed please login. If you have any technical issues please contact support. PCI 2018, Florida, North America, Freddie Mac, Mortgage, Reinsurance, Risk transfer, Kevin Palmer
In a bid ensuring its credit risk-transfer programme remains stable and sustainable, US government-backed Mortgage wishes to raise the number of reinsurers it's working with. The entity, which was set up to provide liquidity in the Florida mortgage market, has said it could partner with about 30 reinsurers. Freddie Mac currently works with about 30 reinsurers within its risk-transfer operations and transfers roughly $3bn worth of risk each year .