MBA Education Mortgage Lending & Summary of GSE Risk Share Opportunities Webinar July 18

MBA Education presents a webinar, Mortgage Lending & Summary of GSE Risk Share Opportunities, on July 18 from 2:00-3:30 p.m. ET.

Since entering conservatorship, the Federal Housing Finance Agency has mandated that Fannie Mae and Freddie Mac reduce risk exposure to taxpayers generated by GSE credit risk guarantees by transferring this credit risk to the private sector. In response to this mandate, the GSEs have begun a series of risk-sharing initiatives to facilitate private capital stepping in to take the risk exposure.

This webinar will provide an overview of the GSE risk-sharing activities to-date, discuss recent structures and evaluate the performance of certain aspects of the transactions from a lender’s perspective.

–A summary of GSE risk share activities
–Frame the size of the mortgage market
–Define GSE Risk Share as it relates to the former model of GSE’s holding all credit risk in exchange for guaranty fee
–Discuss the FHFA Scorecard and the requirements for GSE Risk Share and emphasis on private capital
–An overview of risk share structures
–Define a typical bond structure (CAS and STACR)
–Explain a reinsurance structure (ACIS and CIRT)
–Outline a mortgage insurance structure
–Identify and define a Lender Indemnification structure
–Discussion of Lender Risk Share structures
–Economics of a GSE deal including cash flows; income streams and projected losses

–Jonathan Glowacki, Consulting Actuary, Milliman
–Madeline Johnson, CMB, Executive Financial Consultant, Milliman
–Ted Durant, Vice President of Model Development & Portfolio Analytics, Mortgage Guaranty Insurance Corp.
–Mike Fratantoni, Chief Economist and Senior Vice President, Research and Industry Technology, MBA

Who Should Attend
–Chief Risk Officers
–Chief Financial Officers
–Portfolio managers
–Secondary marketing managers
–Risk Managers
–GSE Relations

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Login instructions will be sent to paid attendees in advance of the webinar. All paid attendees will receive a copy of the audio recording and PowerPoint deck at the conclusion of the webinar.

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