Fannie Mae’s final risk sharing transaction of the year was with reinsurers.

The company said Thursday it had offloaded the credit risk on $8.2 billion of mortgages that it insures via Credit Insurance Risk Transfer (CIRT) 2015-6. For the first time, this pool was comprised of adjustable-rate mortgages; those with interest rates that are fixed for initial terms of five, seven or 10 years and then become adjustable. All pervious CIRT transactions shifted the risk on 30-year fixed-rate mortgages.  

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