Private Mortgage Insurers Are Likely To Be Impacted By Freddie’s New Mortgage Insurance InitiativeRupert Hargreaves
Earlier this week, shares of private mortgage insurers crashed after reports emerged that Freddie Mac had launched a new pilot program involving a deal structure that would work in place of lender-paid single-premium mortgage insurance.
According to the government mortgage agency, the new structure will be called IMAGIN, which stands for “Integrated Mortgage Insurance.” Under the new proposed structure, lenders would bypass lender-paid single-premium mortgage insurance by opting into to a special purpose vehicle controlled by Freddy. Arch Capital will serve as a conduit for the mortgage credit risk that would then be passed along to . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible