Tag Archives: CIRT

Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022.  CIRTs are part of the GSEs’ ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, as CIRT 2022-7 ...

Fannie Mae announced that it has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT ...

Fannie Mae announced the execution of its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2022. Dropping nearly 12% from the first transaction of $26 billion executed in February, Fannie Mae will retain risk for the first 45 basis points ...

Fannie Mae recently executed two credit insurance risk transfer transactions on $50 billion of single-family loans in efforts to reduce taxpayer risk.

Fannie Mae's sixth Credit Insurance Risk Transfer (CIRT) transaction transaction is part of the GSE’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market. Click through to learn the full details of this latest transaction.

With this transaction, Fannie Mae has transferred to a panel of insurers and reinsurers additional credit risk beyond that absorbed by the lender repurchase obligation.

The two front-end deals, CIRT FE 2019-1 and CIRT FE 2019-2, will together cover up to $14 billion of loans.

Fannie Mae has announced its first completed Credit Insurance Risk Transfer (CIRT) transaction of 2018, consisting of nearly $17 billion in single-family loans from the Enterprise’s portfolio. Entitled CIRT 2018-1, the transaction “is a part of Fannie Mae’s ongoing effort ...

Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer. Read on to find the amount of coverage the GSE received and the terms of the deal.

Fannie Mae announced that it secured commitments for a front-end Credit Insurance Risk Transfer (CIRT) transaction. The risk transfer will have been committed prior to Fannie Mae’s acquisition of the covered loans, so the insurance coverage will be effective as soon as loans are acquired. This will begin in the 2017 second-quarter deliveries and is expected to be filled over the course of nine months.