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Fannie Mae revs up its credit-risk transfer machinery

HW+ Fannie Mae building

Fannie Mae is once again back in the credit-risk transfer market with a $984 million note offering through its Connecticut Avenue Securities real estate mortgage investment conduit, or REMIC.

The recent offering, CAS Series 2021-R02, was slated to close this week and involves transferring loan-portfolio risk to private investors via a $984 million note offering backed by a reference pool of some 125,000 single-family mortgage loans valued at $35 billion. Fannie plans to bring one more CRT note offering to market this year.

“Our latest deal [CAS Series 2021-R02] was met with high demand from details ⇒

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