Mr Cooper Group Inc (COOP)

[Royal Dude]

The transfer Begins: Reason for the Fed move?

"Fannie Mae Executes First Two Credit Insurance Risk Transfer Transactions of 2020 on $31 Billion of Single-Family Loans
Wed March 4, 2020 10:05 AM|PR Newswire|About: FNMA"

"PR Newswire
WASHINGTON, March 4, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has completed its first two Credit Insurance Risk Transfer™ (CIRT™) transactions of 2020. CIRT 2020-1 and CIRT 2020-2 together cover $30.7 billion in unpaid principal balance of 21-year to 30-year original term fixed rate loans, previously acquired from July 2019 through October 2019. Combined, these two deals transferred nearly $1 billion of mortgage credit risk, as part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market. To date, Fannie Mae (FDDXD) has committed to acquire approximately $11.6 billion of insurance coverage on $435.2 billion of single-family loans through the CIRT program, measured at the time of issuance, for both post-acquisition (bulk) and front-end transactions."