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Fannie Mae notches two more CIRT deals  

Fannie Mae has executed two new Credit Insurance Risk Transfer (CIRT) deals — the seventh and eighth of 2022 — dubbed CIRT 2022-7 and CIRT 2022-8. 

The two transactions convey a combined $1 billion in mortgage credit risk to private insurers and re-insurers as part of the agency’s ongoing effort to share risk with the private sector. 

Since the CIRT program’s inception in 2013 to date, Fannie Mae has acquired some $21 billion in insurance coverage on a total of $709 billion of single-family loans, Fannie Mae states in the announcement of the latest CIRT details ⇒

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