Fannie Mae Announces its Largest Credit Insurance Risk Transfer Transaction to Date

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 approximately $22.5 billion to a group of insurers and reinsurers.

Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje

Resources