CRT, single security to define GSEs in 2019

The growth of the credit risk transfer (CRT) market and the debut of the uniform mortgage-backed security (UMBS) in June 2019 may represent some of the most substantial post-crisis housing reform.

  • By Alexander Saeedy
  • 24 Sep 2018
The CRT market has grown to $40bn since its inception and could hit $100bn in the foreseeable future. The risk transfer target is 30-year mortgages with an LTV more than 60%, which analysts at Andrew Davidson & Co said account for roughly 60% of the GSEs total portfolio. ...

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1 Citi 4,347 16 18.54
2 Morgan Stanley 2,420 6 10.32
3 BNP Paribas 2,402 10 10.25
4 Goldman Sachs 2,096 5 8.94
5 Bank of America Merrill Lynch (BAML) 2,086 9 8.90

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4 Bank of America Merrill Lynch 36,645.21 121 7.57%
5 Credit Suisse 31,939.48 103 6.60%