As part of the GSE’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-4 transfers $501 million-plus in mortgage credit risk to private insurers and reinsurers.
Read More »Fannie Mae Executes First CIRT of 2023
Through transaction of $11.8 billion in single-family loans, Fannie Mae continues its effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
Read More »FHFA Releases 2023 Scorecard for GSEs, Common Securitization Solutions
The 2023 Scorecard builds on the progress made by the GSEs in 2022 to strengthen capital position while advancing equitable and sustainable access to homeownership and rental housing nationwide.
Read More »GSEs Issue Report on Non-Performing Loans
The FHFA reports that Fannie Mae and Freddie Mac sold 155,034 non-performing loans with a total unpaid principal balance of $28.7 billion from the program’s inception in 2014 through June 30, 2022.
Read More »Private Mortgage Insurers Transfer Risk on $2.8T of Coverage
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 ...
Read More »Working Toward Equity and Sustainability
Sandra L. Thompson, Director of the FHFA, speaks with DS News about her goals and priorities for the Agency and her vision for the future of the GSEs.
Read More »GSE Transfers Nearly $2B of Mortgage Credit Risk to Insurers
Fannie Mae recently executed two credit insurance risk transfer transactions on $50 billion of single-family loans in efforts to reduce taxpayer risk.
Read More »Freddie Mac Transfers Risk on $140.7B in Mortgages
Since the first CRT transaction in 2013, Freddie Mac’s Single-Family CRT program has cumulatively transferred a portion of the credit risk on $1.6 trillion in mortgages.
Read More »How Fannie Mae’s Connecticut Avenue Offerings Cut Credit Risk
In addition to sharing credit risk on Fannie Mae's single-family conventional guaranty book of business, the latest CAS transaction is one of several ways the GSEs are promoting liquidity.
Read More »Fannie Mae Announces New CIRT 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.
Read More »