CRT, UMBS to define Fannie and Freddie in 2019

While there are no plans to release the government-sponsored enterprises (GSEs) of Fannie Mae and Freddie Mac from government conservatorship in the near future, 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’.