Credit-Risk Transfers - Page 4 | Inside Mortgage Finance

Fannie Gets Back in the CRT Saddle

January 20, 2023

Spreads on the latest Connecticut Avenue Securities tightened — a sign, perhaps, that Fannie won’t have to pay investors such a high premium to share credit risk.

GSEs Announce Replacement Rates for LIBOR

January 6, 2023

Dennis Hollier

Designating the appropriate SOFR-related benchmark rates for GSE products is one of the last major steps in the transition from LIBOR.

FHFA Releases 2023 Scorecard for GSEs

January 6, 2023

Dennis Hollier

Subtle differences between 2022 and 2023 objectives speak to both new priorities and goals reached.

GSEs Receive Year-end NAIC Designations for CRT

January 6, 2023

Dennis Hollier

Nearly 80% of Freddie’s STACRs received an NAIC 1 designation, the highest rating.

Fannie Mae Puts Another $3.83 Billion in Old CAS Notes to Bed

December 16, 2022

Dennis Hollier

Investors tendered only 73% of the CAS notes Fannie was willing to buy back.

Fannie Wraps Up CRT for the Year

December 2, 2022

Dennis Hollier

Fannie’s last CIRT transaction of 2022 covers $343 million in credit risk on $10.1 billion in single-family loans.

Freddie Will Issue No More STACR in 2022

November 18, 2022

Dennis Hollier

The enterprise issued more credit-risk transfer deals this year than last. But increasing interest rates have made the deals less and less attractive for Freddie.