Fannie Mae Executes Credit Insurance Risk Transfer Transaction on $32 Billion of Single-Family Loans
"We are pleased with the execution of CIRT 2021-1 and appreciate our partnership with the 20 insurers and reinsurers that wrote coverage for this deal," said
With CIRT 2021-1, which became effective
Coverage for this deal is provided based upon actual losses for a term of 12.5 years. Depending on the paydown of the insured pool and the principal amount of insured loans that become seriously delinquent, the aggregate coverage amount may be reduced at the one-year anniversary and each month thereafter. The coverage on each deal may be canceled by
As of
To promote transparency and to help insurers and reinsurers evaluate the CIRT program,
Centers for Medicare & Medicaid: Coverage is Available for COVID-19 Vaccinations for Eligible Children Ages 5 Through 11
Progressive's Ninth Annual Keys to Progress® Giveaway Marks 800 Vehicles Donated to Military Families Since 2013
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