Generally protects housing loan (mortgage loan) lenders (banks, building societies, insurance companies, non-bank lenders) against credit related losses on their housing loans
APPETITE
Any jurisdiction around the world
No appetite for “sub-prime” lending
COVER
Generally first loss protection driven by a borrower credit default but also protects the depreciation of the property value
Loan by loan or portfolio protection (1st loss, 2nd loss, XOL layers)
In force portfolio or prospective lending with delegated authority to the lender
CAPABILITIES
Normal Max Line Size N/A
Normal Max Tenor Up to 15 years unless there is a regulatory