Podcast | November 17, 2021

CRT Then and Now, A Conversation with Don Layton

Mike Reynolds
Vice President and Head of Servicing, Single-Family Portfolio and Servicing

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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 and Head of Servicing, Single-Family Portfolio and Servicing

Mike Reynolds is Vice President and Head of Servicing for the Freddie Mac Single-Family Portfolio and Servicing Division. He is responsible for the outcomes related to collecting mortgage payments due, loss mitigation programs and asset disposition for the Single-Family portfolio. His team partners with numerous industry partners to manage the financial and credit risks that exist in the servicing ecosystem. Mr. Reynolds also leads Single-Family climate risk assessment function. Mr. Reynolds has over 25 years of GSE experience and joined Freddie Mac in 2012 to help launch the Single-Family Credit Risk Transfer (CRT) program.