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 ...
Read More »Fannie Mae Reduces Risk Pool
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.
Read More »Fannie Mae Gets Green Light on Third Front-End CIRT
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.
Read More »Fannie Mae Secures Second CIRT Transaction
Fannie Mae plans to continue offering its traditional CIRT transactions that cover existing loans in its portfolio.
Read More »Industry Insight: The Future of Fannie Mae’s Credit Insurance Risk Transfers
DS News spoke with Rob Schaefer, VP of Credit Enhancement Strategy and Management, to discuss Fannie Mae’s Credit Insurance Risk Transfer program and what potential bidders can anticipate with these transactions in the new year.
Read More »Fannie Mae Completes Two Credit Insurance Risk Transfers
Fannie Mae has completed two credit insurance risk transfers (CIRT) as part of an ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »Fannie Mae Brings Private Capital Into the Housing Market in a Big Way
It has been a big week for credit risk transfer transactions. Earlier this week, JPMorgan Chase announced a $1.9 billion residential mortgage-backed securities deal, and now Fannie Mae has announced its largest deal to date.
Read More »GSEs Finish Credit Risk Sharing for 2015 on a Strong Note
Both Fannie Mae and Freddie Mac have announced that their respective credit risk sharing initiatives will continue in 2016 in order to allow more participation from the private sector in the U.S. housing market.
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