Hello everybody. What do you think about this news? And I can't understand how this can be good?! It reminds me 2007 crisis with CDOs =)))
Unfortunately I can't past links here as I'm newbie. Some words from news (you can find full with header in inet):
Together, these three policies provide up to a combined maximum limit of approximately USD788m of losses on single-family loans and transfer much of the remaining credit risk associated with three of the Structured Agency Credit Risk (STACR®) debt issuances this year, STACR 2016-DNA2, STACR 2016-HQA2, and STACR 2016-DNA3. These transactions are transferring a significant portion of mortgage credit risk on approximately USD75bn of unpaid principal balance (UPB) on single-family mortgages.
