General World News

Fannie Mae finalizes two additional credit insurance risk transfers

HW+ Fannie Mae

On the heels of completing its first credit insurance risk transfer (CIRT) deal of the year in early March, Fannie Mae has announced that it has executed two additional CIRT deals. 

The newest deals, CIRT 2022-2 and CIRT 2022-3, together transferred $1.8 billion of mortgage credit risk to private insurers and reinsurers. 

“We appreciate our continued partnership with the 25 insurers and reinsurers that have committed to write coverage for these two deals,” said Rob Schaefer, Fannie Mae’s vice president for capital markets. 

The initial deal of 2022, CIRT 2022-1, also transferred millions of dollars of credit details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com