A significant portion of U.S. housing mortgage loan origination is sold to Freddie Mac and Fannie Mae, two U.S. government-sponsored entities, and these financial institutions are required by their regulators to buy portfolio-level insurance against loan losses. Through our Crum & Forster Mortgage Risk product, we participate in the insurance of these risks and also provide facultative reinsurance to other mortgage insurers.
Insurable mortgages are most often single-family homes, but can be multi-family properties as well. We focus our coverage capabilities in the U.S., but will consider some selected G7 markets as well. These transactions are usually tranched, and C&F participates on excess layers.
For details, contact [email protected].