Podcast | November 17, 2021

CRT Then and Now, A Conversation with Don Layton

Mike Reynolds
Vice President Credit Risk Transfer, Single-Family Portfolio Management

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CRT Then and Now, A Conversation with Don Layton

Mike Reynolds

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.

Mike Reynolds

Vice President Credit Risk Transfer, Single-Family Portfolio Management

Mike Reynolds is the vice president of Freddie Mac’s Single-Family Credit Risk Transfer (CRT) program. CRT comprises capital markets, reinsurance, and mortgage insurance, including the Structured Agency Credit Risk (STACR®) and Agency Credit Insurance Structure (ACIS®) family of credit securities – multi-billion-dollar programs that transfer mortgage credit risk to private investors. Mr. Reynolds has over 20 years of GSE experience and joined Freddie Mac in 2012 to help launch the Single-Family CRT program.