Fannie Mae executes fifth CIRT transaction of 2023
Reinsurance News - May 19, 2023
Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) transaction of 2023. As part of the firm’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-5 transferred $424.4m of mortgage credit risk to private insurers and...
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