Don Layton, former Freddie Mac CEO, joins Mike Reynolds, VP of Single-Family Credit Risk Transfer, to discuss the inception of the GSE CRT market and how it supports Freddie Mac’s mission. Don and Mike dive into the benefits of CRT, address its criticisms and reflect on CRT’s core role in today’s financial system. Don is a Senior Industry Fellow at Harvard University’s Joint Center for Housing Studies where he addresses important issues in housing finance, including writing an in-depth series on CRT.


CRT Then and Now, A Conversation with Don Layton

Mike Reynolds

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Freddie Mac CRTcast is a new series within the “Home Starts Here” podcast, focusing on credit risk transfer and its three spokes: securities, (re)insurance and mortgage insurance. In this final installment of 2021, Mike Reynolds and Don Layton, former CEO of Freddie Mac, discuss the CRT market and the momentous change it brought to the GSE business model.


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