General World News

Fannie Mae launches another CRT offering

HW+ Fannie Mae

Fannie Mae has unveiled its second credit-risk transfer (CRT) deal of 2002, a $1.2 billion note offering through its Connecticut Avenue Securities real estate mortgage investment conduit, or REMIC. 

The recent offering, CAS Series 2022-R02, involves transferring loan-portfolio risk to private investors via a $1.2 billion note offering backed by a reference pool of 149,393 residential mortgage loans valued at $44.3 billion.

With the completion of this credit-risk transfer (CRT) transaction, Fannie Mae will have brought 46 CAS deals to market, issued over $52 billion in notes since its initial offering in details ⇒

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