GSE Credit Risk Transfer Programs are a Housing Reform Model
National Mortgage News, Mar. 7, 2018--Brad Finkelstein (subscription)
The success of the government-sponsored enterprises' credit risk transfer programs shows that they can be the basis for housing finance reform. But there are still steps that can be taken to maximize secondary market liquidity and broaden the investor bases, according to a paper co-written by Annaly Capital Management and the Federal Reserve Bank of New York.