Biden administration ‘far more favorable’ to CRT market
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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