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Fannie Mae Announces Third Front-End Credit Insurance Risk Transfer Transaction
May 25, 2017
WASHINGTON, May 25 -- Fannie Mae issued the following corporate news release:

Fannie Mae (FNMA/OTC) announced today that it has secured commitments for a new front-end Credit Insurance Risk Transfer (CIRT) transaction. This will be the third CIRT transaction completed on a "flow" basis, meaning the risk transfer will have been committed prior to Fannie Mae's acquisition of the covered loans and that the insurance coverage will be effective as soon as the loans are acquir . . .

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