Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
The GSEs now engage in extensive credit risk transfer (CRT) transactions, whereby institutional investors take on portions of their single-family mortgage credit risk. Prior to 2013, when the first CRT transactions were done, this information was kept confidential. [11] Previously, the two companies held onto 100 percent.
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