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Fannie Mae closes 2015 risk-sharing program with latest deal with insurers

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15:15 ET Subscribe to our weekly e-newsletter, Top News. Risk-sharing pilot expands role of private insurers. Freddie Mac rolled out a new risk-sharing pilot program this week to test the waters for eventually seeking deeper coverage of loan-default risk through private mortgage insurers.

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Through this latest deal, Fannie Mae has this year acquired more than $1 billion of CIRT insurance coverage on over $40 billion of loans with six CIRT transactions, and over $1.2 billion of coverage on over $46 billion of loans since the program’s inception in 2014.

On February 11, Fannie Mae priced its tenth Connecticut avenue securities (cas) risk-sharing transaction. Since the program’s inception in 2013, Fannie has issued $13.4 billion in these notes, covering about $470 billion in newly originated single-family mortgages and obligating the company to pay about $7 billion over the next ten years in premiums and hedging.

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15. Risk and Insurance 2013 through the end of 2017, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $2.1 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $69 billion, or 3.2 percent of UPB. An additional $972 billion of UPB and $246 billion of RIF has been transferred to primary mortgage insurers from

Fannie Mae closes 2015 risk-sharing program with latest deal with insurers New Fannie mae risk-sharing deal shifts more credit risk onto insurers Trey Garrison was a Senior Financial Reporter for.

Fannie Mae completes risk-sharing deal with reinsurance industry fannie mae took another step forward in helping to shield taxpayers from future risk by completing a transaction involving a panel of private reinsurers that will provide credit-risk coverage for a $4.68 billion pool of mortgage loans.

How to Improve Fannie and Freddie’s Risk Sharing Effort HOW TO IMPROVE FANNIE AND FREDDIE’S RISK SHARING EFFORT 3 lender recourse The GSEs have executed only a small number of front-end lender recourse transactions to date, all of which have been opaque, customized deals with select mortgage lenders. Because these transac –

Fannie Mae announced earlier this week that it closed out its 2015 credit risk-sharing program with the seventh credit risk-sharing transactions as part of its Credit Insurance Risk Transfer program.

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