Fannie Mae Executes Its Final Credit Insurance Risk Transfer Transaction of 2023 on $11.5 Billion of Single-Family Loans
November 21, 2023
November 21, 2023
WASHINGTON, Nov. 21 -- Fannie Mae issued the following news release on Nov. 20, 2023:
Fannie Mae (FNMA/OTC) announced today that it has executed its ninth and final Credit Insurance Risk Transfer (CIRT) transaction of 2023. CIRT 2023-9 transferred $270.7 million of mortgage credit risk to private insurers and reinsurers. Year to date, Fannie Mae has acquired approximately $3.66 billion of insurance coverage on $121 billion of single-family loans from nine CIRT deals issued in 2023.< . . .
Fannie Mae (FNMA/OTC) announced today that it has executed its ninth and final Credit Insurance Risk Transfer (CIRT) transaction of 2023. CIRT 2023-9 transferred $270.7 million of mortgage credit risk to private insurers and reinsurers. Year to date, Fannie Mae has acquired approximately $3.66 billion of insurance coverage on $121 billion of single-family loans from nine CIRT deals issued in 2023.< . . .