Fannie Mae Announces Plans to Re-Engage in Credit Risk Transfer in 2021

BY PR Newswire | AGENCY | 09/20/21 01:29 PM EDT

WASHINGTON, Sept. 20, 2021 /PRNewswire/ -- Fannie Mae (FNMA) today announced its intention to enter into new credit risk transfer (CRT) transactions in the fourth quarter of 2021. The company expects to transfer mortgage credit risk via its Connecticut Avenue Securities? (CAS) and Credit Insurance Risk Transfer? (CIRT?) programs.?

For additional details about potential CRT issuance plans, visit Credit Risk Transfer Update Frequently Asked Questions.

For additional information on Fannie Mae's (FNMA) CRT programs, visit: https://capitalmarkets.fanniemae.com/credit-risk-transfer. ?

About Fannie Mae (FNMA)
Fannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
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Fannie Mae Newsroom
https://www.fanniemae.com/news?

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Fannie Mae Resource Center
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SOURCE Fannie Mae (FNMA)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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