Published:
07/26/2017
Attachments:
Credit Risk Transfer Progress Report March 2017
From the beginning of the Enterprises' Single-Family CRT programs in 2013 through March 2017, Fannie Mae and Freddie mac have transferred a portion of credit risk on $1.6 trillion of unpaid principal balance (UPB), with a combined Risk in Force (RIF) of about $54.2 billion, or 3.4 percent of UPB. An additional $779 billion of UPB and $197 billion of RIF has been transferred to primary mortgage insurers from 2013 through Q1 2017.
The report shows that in Q1 2017, the Enterprises transferred risk on $174 billion of UPB with a total RIF of $5.5 billion. Debt issuances accounted for 77 percent of RIF, and reinsurance transactions accounted for 19 percent of RIF.