Brief FHFA's Confused Critique of Fannie and Freddie's Transfer of Credit Risk
Laurie Goodman, Jim Parrott, Bob Ryan, Mark M. Zandi
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The Federal Housing Finance Agency recently released a withering critique of Fannie Mae and Freddie Mac’s credit risk transfer program, or CRT. In this brief, the authors explain why CRT has become important to the housing finance system and how FHFA's critique badly misses the mark.

Research Areas Housing finance Housing
Tags Federal housing programs and policies Housing and the economy Agency securitization Housing finance reform
Policy Centers Housing Finance Policy Center