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"As the leading manager of single-family residential credit risk in the industry, we are focused on building a safer, sustainable housing system and our CIRT deals help these efforts," said Rob Schaefer, VP for credit enhancement strategy & management.
"Reinsurers seem to understand and appreciate our approach to managing credit risk and as a result, we’ve seen continued interest in our CIRT program.
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The pool of loans consists of 30-year fixed rate loans acquired by Fannie Mae from September 2014 to December 2014 with loan-to-value (LTV) ratios of between 60 and 80 percent.
Fannie Mae continues to reduce taxpayer risk through the CIRT program and its flagship Connecticut Avenue Securities (CAS) series program, as well as other forms of risk transfer.
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