Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $725 million in mortgage-risk coverage as part of the agency’s ongoing effort to share risk with private-sector insurers.

CIRT 2022-6 involves a covered loan pool composed of 63,000 single-family mortgages with a total unpaid principal balance of about $19.3 billion. The loans in the pool are fixed-rate mortgages with primarily 30-year terms and loan-to-value ratios ranging from 60.01% to 80% that were acquired by the agency between August and September 2021, according to Fannie’s statement announcing the deal.

With CIRT 2022-6, effective as of May 1, details ⇒

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