Fannie Mae transfers $709m of mortgage credit risk to re/insurers

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Reinsurance News - Apr 08, 2024

The Federal National Mortgage Association (Fannie Mae) has executed two new Credit Insurance Risk Transfer (CIRT) transactions transferring $709 million of mortgage credit risk to private insurers and reinsurers. Rob Schaefer, Vice President, Capital Markets, Fannie Mae, commented, “We appreci...

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