Biden administration ‘far more favorable’ to CRT market

By Tom Brown
01 Dec 2020

The incoming Biden administration is likely to be more conducive to the development of the credit risk transfer market for the government-sponsored enterprises, according to panelists speaking at ABS East Virtual 2020.

“We have a new administration coming in which I think is going be far more favorable to credit risk transfer,” said Andy Davidson, president of Andrew Davidson & Co. “I think they don't want to have a level of capital in the GSEs which basically penalizes the operations ...

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