Fannie Mae has executed its sixth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae’s ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2022-6 transferred $725 million of mortgage credit risk to private insurers and reinsurers. Since inception to date, Fannie Mae has acquired approximately $19.9 billion of insurance coverage on $675.9 billion of single-family loans through the CIRT program,
When Business Goes from a Deluge to a Trickle
If you have seen LinkedIn or read appraisal-related blogs lately, you know the appraisal workforce is experiencing a wave of layoffs as mortgage lending activity
John Russell
February 6, 2023
