CRT-Eligible Profile Summary
Summary of Key Recent CIRT Deal Terms
CIRT Transaction Name
Year
Product
Deal Type
OLTV
Term (years)
Effective Date
Covered Loan Acquisition Period
Initial Step Down (anniversary month)
Total Initial Principal Balance
Aggregate Retention
Limit of Liability
2023-9
2023
2023-8
2023-7
2023-6
2023-5
2023-4
2023
2023
2023
2023
2023
241 360 month FRM 241 - 360 month FRM 241 - 360 month FRM 241 - 360 month FRM 241-360 month FRM 241-360 month FRM
Bulk
Bulk
Bulk
Bulk
Bulk
Bulk
>80-97
>60-80
>80-97
>60-80
>80-97
>60-80
12.5
12.5
09/01/23
10/2022-12/2022
08/01/23
9/2022-12/2022
12.5
05/01/23
7/2022-9/2022
12.5
05/01/23
4/2022-8/2022
12.5
04/01/23
3/2022-6/2022
12.5
03/01/23
3/2022-5/2022
12
12
12
12
12
12
$
11,519,596,467 $
$
$
190,073,342 $
270,710,517 $
8,397,593,117 $
117,566,304 $
344,301,318 $
16,935,416,887 $
262,498,962 $
397,982,297 $
9,646,251,436 $
125,401,269 $
390,673,183 $
18,060,305,539 $
243,814,125 $
424,417,180 $
12,862,034,563
135,051,363
501,619,348
Retention %
1.65%
1.40%
1.55%
1.30%
1.35%
1.05%
Limit %
2.35%
4.10%
2.35%
4.05%
2.35%
3.90%
Annual Premium (bps)
8.16
10.44
11.40
12.48
10.08
12.00
Termination Date
02/29/36
01/31/36
10/31/35
10/31/35
09/30/35
08/31/35
Time-based Cancellation Option (beginning anniversary month)
60
60
60
60
60
60
Above is a summary of CIRT deal terms that, in some cases, may approximate the definitive terms of CIRT transactions posted on the Fannie Mae website:
https://capitalmarkets.fanniemae.com/credit-risk-transfer/single-family-credit-risk-transfer/credit-insurance-risk-transfer/cirt-pricing
Definitive deal terms are included in the published deal documents for each CIRT transaction.
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