On June 15, NAREIT’s Mortgage REIT Council hosted a conference call for council members with senior executives from Freddie Mac and Fannie Mae to discuss proposed enhancements to their credit risk-transfer (CRT) securities offerings.

The discussion covered enhancements specifically aimed at REIT investors to Freddie Mac’s Structured Agency Credit Risk securities and Fannie Mae’s Connecticut Avenue Securities (CAS®). The enhancements would enable Fannie and Freddie to structure future CRT offerings as notes issued by a trust in an arrangement that qualifies as a Real Estate Mortgage Investment Conduit (REMIC).

Freddie and Fannie announced the CRT enhancements on May 8.

(Contact: Victoria Rostow at vrostow@nareit.com)

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