Fannie Mae announced on Monday that it has executed two new Credit Insurance Risk Transfer (CIRT) deals: CIRT 2023-2 and CIRT 2023-3. The deals, which include over $31 billion in single-family mortgage loans, are designed to reduce risk to taxpayers by increasing the role of private capital in the mortgage market.
These are the second and third CIRT deals of 2023. The latest package includes approximately 98,000 single-family mortgage loans — 44,000 loans in CIRT 2023-2 and 54,000 in CIRT 2023-3 — with a combined outstanding unpaid principal balance of approximately $31.8 billion.
The deals will transfer a details ⇒
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