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BRIEF-Fannie Mae announces second front-end credit insurance risk transfer transaction
February 24, 2017 / 5:35 PM / 10 months ago

BRIEF-Fannie Mae announces second front-end credit insurance risk transfer transaction

Feb 24 (Reuters) - Federal National Mortgage Association

* Fannie mae announces second front-end credit insurance risk transfer transaction

* Fannie mae - coverage and pricing are committed for 12 months, beginning with q1 2017 deliveries

* Fannie mae - plans to continue offering its traditional cirt transactions that cover existing loans in its portfolio

* Fannie mae -transaction will shift a portion of credit risk on pools of single-family loans with a combined upb of about $15 billion to a group of reinsurers Source text for Eikon: Further company coverage:

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