Fannie to keep tinkering with credit-risk transfer formula

Since 2013, the Enterprises have transferred a significant portion of credit risk on single-family mortgages with a total unpaid principal balance exceeding $700 billion. Both Fannie Mae and Freddie Mac are on track to exceed our 2015 Conservatorship Scorecard credit risk transfer objectives by comfortable margins.

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Fannie Mae has announced its first completed Credit Insurance Risk Transfer (CIRT) transaction of 2018, consisting of nearly $17 billion in single-family loans from the Enterprise’s portfolio.

Fannie Mae and Freddie Mac implemented their credit risk transfer programs in 2013 and now transfer to private investors a substantial amount of the credit risk the Enterprises assume in targeted loan acquisitions.

Finally, at the start of May, Fannie priced its third credit risk sharing transaction of 2018 under its Connecticut Avenue Securities program. CAS Series 2018-C03, a $1.050 billion note offering.

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Fannie Mae transfers more credit risk to re/insurers. 14th June 2018 – Author: Matt Sheehan The Federal National Mortgage Association (Fannie Mae) has successfully secured re/insurance cover for a further $10 billion of single-family loans with the completion of its second and third traditional Credit Insurance Risk Transfer (CIRT) transactions of 2018.

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Credit risk transfer – or "CRT" – is a set of highly promoted tools that allow Fannie and Freddie to access private-sector capital to hedge potential losses in their guarantee book. Under CRT deals, investors typically pay upfront for specially-created debt securities that are meant to help shoulder credit losses suffered by the GSEs.

Credit Risk Transfer Transactions Summary SIFMA provides comments to congress in strengthening the Federal Housing Finance Agency’s (FHFA) efforts to implement private-sector credit risk transfer transactions (CRT) involving Fannie Mae and Freddie Mac.

We would like to cordially invite you to attend the 2017 Annual Meeting of Shareholders, or the Meeting, of PennyMac Mortgage Investment Trust to be held on Thursday, May 25, 2017, at 11:00 a.m..

Credit risk transfer with the private markets via our risk transfer vehicles is a fundamental part of the business at Fannie Mae today, and CRT is the new normal for the mortgage markets. Driven by industry-leading innovations in credit risk management, Fannie Mae works to continue to build a liquid market through consistent and programmatic issuance of its various credit risk sharing products.