Tag Archives: Credit Risk

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.

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.

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.

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.

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 ...

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.

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

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.

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.

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.