Friday, November 20, 2015

Fannie Mae continues shifting credit risk to insurers

As part of its effort to reduce the taxpayers’ burden, Fannie Mae announced Friday that it completed its fifth and sixth credit risk-sharing transactions as part of its Credit Insurance Risk Transfer program. Through these latest deals, Fannie Mae said that it has acquired more than $800 million of insurance coverage on over $32 billion of loans this year.

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