Fannie Mae

Fannie Mae | June 16, 2016

WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it has completed three Credit Insurance Risk Transfer™ (CIRT™) deals, successfully continuing efforts to reduce taxpayer risk by increasing the role of private capital in the mortgage market. The three deals (CIRT 2016-4, CIRT 2016-5, and CIRT 2016-6) represent the largest cumulative CIRT transaction to date, shifting a portion of the credit risk on pools of single-family loans with a combined unpaid principal (UPB) balance of approxima...

Fannie Mae | July 26, 2016

WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced enhancements to HomeReady®, the affordable mortgage option designed to meet the diverse needs of today’s borrowers. HomeReady allows borrowers to provide as little as 3 percent down, and was the first affordable lending option to offer creditworthy borrowers the ability to qualify with income from non-borrower household members. HomeReady continues to evolve with enhancements that expand access to credit responsibly and promote successful homeowne...

Fannie Mae | July 25, 2016

WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that the company issued $10.1 billion1 of multifamily MBS in the second quarter of 2016, primarily through its Delegated Underwriting and Servicing (DUS®) program. Fannie Mae also resecuritized $2.9 billion of DUS MBS through its Guaranteed Multifamily Structures (Fannie Mae GeMS™) program....

Fannie Mae | July 19, 2016

WASHINGTON, DC – Fannie Mae (FNMA/OTC) has priced its latest credit risk sharing transaction under its Connecticut Avenue Securities™ (CAS) series, a $1.32 billion note offering scheduled to settle on Thursday, July 28. Through this transaction and other credit risk sharing programs, the company is increasing the role of private capital in the mortgage market and reducing taxpayer risk....