The GSE offloads its latest pool of risky loans to investors, which provides the opportunity for investors and reinsurers to invest in the U.S. housing finance system.
Read More »Fannie Mae Executes CIRT Transactions on $26.6B of Single-Family Loans
"We appreciate the continued support of the 21 insurers and reinsurers that have committed to write coverage for these deals," said Rob Schaefer, Fannie Mae VP, Capital Markets.
Read More »Fannie Mae Executes Fifth CIRT on $18.1B of Single-Family Loans
As part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, the execution of the fifth Credit Insurance Risk Transfer transaction of 2023 transferred $424.4 million of mortgage credit risk to private insurers and reinsurers.
Read More »Freddie Mac Transfers More Credit Risk With $1 Billion STACR Offering
The latest STACR offering, STACR Series 2015-DNA3, is the seventh STACR debt notes offering this year of more than $1 billion by Freddie Mac. It is the 15th STACR offering since the program began slightly more than two years ago. Freddie Mac’s goal is to transfer a portion of its credit risk on single-family loans to private investors.
Read More »Fannie Mae Announces Enhanced Dataset for Single-Family Loans
Features of the enhanced dataset include information on credit performance up to, and including, property disposition. The credit information the new dataset provides includes event dates, the costs incurred by the credit event, and recovery proceeds that Fannie Mae receives.
Read More »Freddie Mac Prices Fourth Structured Credit-Risk Offering of 2015
The STACR offering priced on Tuesday is the GSE’s fourth this year and 13th overall. Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market.
Read More »