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Credit Insurance Risk Transfer

Credit Insurance Risk Transfer helps reduce credit risk for Fannie Mae while bringing additional private capital to the Single-Family housing market.

Credit Insurance Risk Transfer™ (CIRT™) transactions transfer credit risk on a pool of loans to an insurance provider, which may then transfer that risk to one or more reinsurers, complementing Fannie Mae's other current risk transfer offerings that leverage the capital markets.

As of Q1 2024, $907B of unpaid principal balance of Single-Family mortgage loans has been partially covered through CIRT transactions, measured at the time of the transactions.