Fannie Mae has completed its final Credit Insurance Risk Transfer (CIRT) transaction of 2021. CIRT 2021-2 covers $30.7 billion in unpaid principal balance (UPB) of generally 30-year original term, fixed-rate loans acquired from April through June 2021. The deal transferred nearly $1.2 billion of mortgage credit risk to private insurers and reinsurers.
Since inception, Fannie Mae has acquired approximately $15 billion of insurance coverage on $537 billion of single-family loans through the CIRT program,
