Items Tagged with 'CIRT'

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  • Fannie Mae completes first credit insurance risk transfer of 2018

    Transfers risk on $16.9 billion in single-family loans
    Fannie Mae announced it completed its first Credit Insurance Risk Transfer transaction of 2018, transferring risk on $16.9 billion in single-family loans. The deal, CIRT 2018-1, is part of the company’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.
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  • Fannie Mae makes more information available for risk-sharing investors

    Will now make monthly loan-level disclosure data on for CIRT deals
    A recent report suggested that the government-sponsored enterprises’ risk-sharing deals will be a big target for investors in 2018. In order to provide investors with as much detail as possible, Fannie Mae announced this week that it is making additional disclosures about some of its risk-sharing deals.
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  • Fannie Mae announces new front-end credit risk-sharing deal

    Deal with insurers provides up to $375 million in coverage
    Fannie Mae announced Friday that it executed its second front-end credit risk-sharing deal through its Credit Insurance Risk Transfer program. The deal provides insurance coverage on a maximum coverage of approximately $375 million from pools of single-family mortgages that carry a combined unpaid principal balance of approximately $15 billion.
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  • Fannie Mae offloads $205 million in credit risk to insurers in new deal

    Pool of loans includes 15-year, 20-year mortgages
    Fannie Mae announced Thursday that it is shifting some of its credit risk away from taxpayers and onto private insurers in the latest deal from its Credit Insurance Risk Transfer program. In this deal, Fannie Mae is shifting some of the credit risk on an $11.7 billion pool of loans to various insurers.
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  • Fannie Mae shifts more credit risk to insurers with latest deal

    Completes 10th Credit Insurance Risk Transfer transaction
    Fannie Mae announced Thursday that it completed its latest effort to shift some of its credit risk away from the taxpayers and onto private insurers. The latest deal, CIRT 2016-3, is Fannie Mae’s 10th Credit Insurance Risk Transfer deal since the program began in 2013.
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  • Fannie Mae announces largest Credit Insurance Risk Transfer deal

    First such transaction of 2016
    In the latest deal in Fannie Mae's risk-sharing program, the government-sponsored enterprise shifted a portion of credit risk on pools of single-family loans with a combined unpaid principal balance of approximately $19.5 billion to a group of insurers and reinsurers, marking the largest transaction of its kind to date.
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