Fannie Mae transfers $284.8mn of mortgage credit risk to re/insurers

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Reinsurance News - Jun 12, 2024

The Federal National Mortgage Association (Fannie Mae) has executed its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2024, transferring $284.8 million of mortgage credit risk to private insurers and reinsurers. 25 insurers and reinsurers have committed to write coverage on this deal,...

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