By Michael S. Canter and Janaki Rao
Credit risk-transfer securities (CRTs) have made the US mortgage market safer by shifting default risk from taxpayers to private investors. The latest attempt to overhaul the housing finance system isn't likely to change that.
A recent memo from President Donald Trump directed the US Treasury to come up with a plan that would end government control of Fannie Mae (FDDXD) and Freddie Mac (FMCC), and possibly return them to private hands over the next few years. The government took over the companies after they suffered massive losses in