The transaction was secured by interests in a portfolio of eleven planned communities under development across Texas. As scrutiny of lenders with high concentrations in commercial real estate loans ...

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers. Fannie Mae said Monday it has executed two credit insurance risk transfer ...

Synthetic risk transfers, in which banks purchase insurance-like protection on some of their loans, is a growing market on Wall Street, with billions worth of deals made in the US last year. But of ...

[Update 1: An earlier version of this article stated Senator Mike Crapo was from Indiana. It is now corrected to say Idaho.] A bipartisan group of Senate Banking Committee members wrote a letter ...

Fannie Mae (OTCQB:FNMA) said Friday it executed its fourth credit insurance risk transfer transaction of 2023, transferring $501.6M of mortgage credit risk to private insurers and reinsurers. Since ...

"Freddie Mac launched the first agency single-family CRT transaction in 2013, creating a completely new asset class," said Christian Valencia, Freddie Mac Vice President and head of Credit Risk ...

As of September 30, approximately 62 percent of Freddie Mac’s Single-Family mortgage portfolio was covered by credit enhancement. Since inception, the company’s Single-Family CRT program has ...

Banks that have entered into billions of dollars of credit-linked notes transactions or gotten approval to do so recently include U.S. Bancorp in Minneapolis, Huntington Bancshares in Columbus, Ohio, ...