Commentary

WASHINGTON, DC–Fannie Mae has just completed a transaction in which 7 reinsurers and insurers took on about $166 million of multifamily credit risk on a pool of debt that totals around $11.1 billion. The transaction, a credit insurance risk transfer, is the first time Fannie Mae widely marketed these assets to reinsurers and was pleasantly surprised to find the deal oversubscribed, according to Jonathan Gross, Vice President, Multifamily, Fannie Mae.
*May exclude premium content
Already have an account? Sign In Now
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.