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2019 Conservatorships Strategic Plan
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Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer (CRT) transactions through the fourth quarter of 2017. The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to the private sector through a variety of transactions in the single-family market.
The Report shows that since the start of the CRT programs in 2013 through the end of 2017, the Enterprises have transferred a portion of credit risk on approximately $2.1 trillion of unpaid principal balance (UPB) with a combined Risk in Force (RIF) of about $69 billion.
The Progress Report also shows that, in 2017:
"The Enterprises continue to make tremendous progress with credit risk transfer as they benefit from strong private sector market demand," said FHFA Director Melvin L. Watt. "This report reaffirms our steadfast commitment to reduce risk to taxpayers and to do so in a transparent way that continues to attract and expand private sector investment."
Credit Risk Transfer webpage
Media: Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030Consumers: Consumer Communications or (202) 649-3811
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