(Archived Content)
WASHINGTON – Today Michael Stegman, Counselor to the Secretary for Housing Finance Policy, released the following statement on the near completion of Freddie Mac’s credit risk transfer deal.“Freddie Mac today announced that it is nearing completion of its first credit risk transfer deal. Treasury believes these efforts are an important step to increasing private sector participation in the housing finance sector. This tool helps protect the interests of the American taxpayer, with private capital taking the predominant credit loss – aligning with the Administration’s goal of reducing the government’s footprint in the mortgage market.”
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