Fannie Mae has completed its latest Credit Insurance Risk Transfer transaction, the tenth deal since the program’s inception in 2013. This deal, CIRT 2016-3, shifts a portion of the credit risk on a pool of single-family loans with an unpaid principal balance of approximately $5.7 billion to a single insurer.

The covered loan pool consists of 30-year, fixed-rate loans with loan-to-value (LTV) ratios between 60% and 80% acquired from May through June 2015.

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