The issuance of credit risk transfers on traditional home loans rose to new levels in 2020 despite complications that emerged during the pandemic, Freddie Mac reported Monday.
The $ 16.9 billion in issues that transferred risk to more than $ 475.8 billion in mortgages was the highest annual amount seen since the government-sponsored firm replenished its risk-sharing in 2013. By comparison, there were $ 12.2 billion in issues that passed the risk on to $ 252.9 billion in loans in 2019.
Record issuance in 2020 suggests that CRTs, which have been tested by market dislocation and major payment challenges from borrowers, have proven resilient and could rebound in the current US…
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