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Secondary Market

Freddie Mac Reports Q3 Net Loss of Nearly Half a Billion Dollars

The loss will not cause Freddie Mac to need another draw from Treasury since it was only a fraction of the $1.8 billion net worth reserve the Enterprise has under the Preferred Stock Agreement, according to Layton. The dividends paid into Treasury by Freddie Mac remained unchanged at $96.5 billion, which is about $25 billion more than the $71 billion the Enterprise received in a taxpayer-funded bailout in 2008.

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Freddie Mac Acquires Half Billion Dollar Insurance Policy Under ACIS Program

Freddie Mac has obtained an insurance policy for more than half a billion dollars under its Agency Credit Insurance Structure (ACIS) program, bringing the total of insurance coverage the Enterprise has acquired this year to $1.5 billion through seven ACIS transactions, according to announcement from Freddie Mac.

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Freddie Mac CEO Says Future Is Bright Despite No Plans to End Conservatorship

Layton said Freddie Mac had moved on from the “early-years conservatorship mindset,” which saw the Enterprise being hesitant to take action while it waited for instructions from the government. Now, Layton said, “[w]e’re firmly facing the future, not the past.”

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Fannie Mae Prices First Credit Risk Sharing Transaction Under Actual Loss Framework

Fannie Mae announced on Wednesday the pricing of the latest risk-sharing transaction under the Connecticut Avenue Securities (CAS) Series at $1.45 billion. The latest transaction is Fannie Mae’s ninth under the CAS Series and first CAS transaction structured for an actual loss framework.

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