Tag Archives: Credit Insurance Risk Transfer (CIRT)

With the GSE closing on these latest deals, Fannie Mae has acquired approximately $21 billion of insurance coverage on $709 billion of single-family loans through its CIRT program to date.

The U.S. Mortgage Insurers (USMI), which is the trade association representing the nation’s leading private mortgage insurance companies, has announced the industry has transferred more than $55 billion in risk on nearly $2.8 trillion of insurance-in-force from 2015-2021.   This ...

Fannie Mae announced the execution of its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2022 in the amount of $21 billion.  Effective April 1, Fannie Mae will retain risk for the first 65 basis points of loss on the ...

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

Completion of CIRT 2022-1 by the GSE covers $26.1 billion in unpaid principal balance of fixed-rate loans, acquired between January 2021 and March 2021.

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.

This transaction is the fourth in Fannie Mae's Credit Insurance Risk Transfer (CIRT) series, and third since the start of 2015. In the CIRT series, credit risk for a pool of loans is transferred to a panel of reinsurers.