Fannie Mae Announces Plans to Re-Engage in Credit Risk Transfer in 2021

Rhea-AI Summary

Fannie Mae (OTCQB: FNMA) has announced plans to engage in new credit risk transfer (CRT) transactions within Q4 2021. The company intends to utilize its Connecticut Avenue Securities® (CAS) and Credit Insurance Risk Transfer™ (CIRT™) programs to transfer mortgage credit risk. This strategy aims to support the stability of the housing finance system and enhance the company’s risk management efforts. For more details on CRT issuance plans, further information is accessible through their official channels.

Positive

• Re-engagement in credit risk transfer to enhance risk management.
• Utilization of established programs like CAS and CIRT to support stability.

Negative

• None.

WASHINGTON, Sept. 20, 2021 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its intention to enter into new credit risk transfer (CRT) transactions in the fourth quarter of 2021. The company expects to transfer mortgage credit risk via its Connecticut Avenue Securities® (CAS) and Credit Insurance Risk Transfer™ (CIRT™) programs. 

For additional details about potential CRT issuance plans, visit Credit Risk Transfer Update Frequently Asked Questions.

For additional information on Fannie Mae's CRT programs, visit: https://capitalmarkets.fanniemae.com/credit-risk-transfer.  

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news 

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Fannie Mae Resource Center
1-800-2FANNIE (800-232-6643)

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SOURCE Fannie Mae

FAQ

What are Fannie Mae's plans for credit risk transfer in 2021?

Fannie Mae plans to initiate new credit risk transfer transactions in Q4 2021 using its CAS and CIRT programs.

How does Fannie Mae's credit risk transfer affect FNMA stock?

The new credit risk transfer plans may positively impact FNMA stock by enhancing the company's risk management.

What date did Fannie Mae announce its credit risk transfer plans?

Fannie Mae announced its credit risk transfer plans on September 20, 2021.

Where can I find more information on Fannie Mae's credit risk transfer programs?

More information can be found on Fannie Mae's official website regarding their credit risk transfer programs.