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The lessons of history

Category: Capital Relief Trades Regulation

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STACR founder Don Layton talks the early and current days of the market

In the latest Freddie Mac podcast former ceo Don Layton describes the birth of the CRT market and says that following the launch of the first STACR deal in early 2013 he was instructed by the FHFA to share the secret recipe with Fannie Mae.

“Interestingly, we were then told to take our documents and give them to Fannie Mae because the FHFA did not want them to take so much time to reinvent the wheel and they could then follow with their CAS bonds,” he recalls.

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