Credit Risk Transfer (CRT) is an increasingly important factor in the U.S. housing market and public policy, helping to make mortgages more affordable while reducing the cost of capital, lowering the public’s risk exposure and improving access to liquidity. An Arch MI white paper on the topic recently made the rounds of key policymakers on Capitol Hill. Author Sara Millard, the General Counsel at Arch Global Mortgage, analyzes the emergence of CRT, assesses its value for the housing system and describes its impact on markets. Read more.
