Freddie Mac’s newest form of mortgage reinsurance transfers the risk of credit losses on 15-year residential mortgages that it insures.

The government sponsored enterprise said Wednesday that it recently obtained an Agency Credit Insurance Policy (ACIS) that provides protection up to a combined maximum limit of approximately $201 million of losses on single-family loans. The transfers a portion of the credit risk on an $11.1 billion reference pool of single-family loans purchased in the third and fourth quarters of 2015.

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