THE INSTITUTIONAL RISK ANALYST: THE RETURN OF PRIVATE MORTGAGES
In this issue of The Institutional Risk Analyst, Chris Abate, CEO of Redwood Trust (RWT), discusses the world of non-agency mortgages after two years of COVID pandemic and related responses from the Federal Open Market Committee, Federal Housing Finance Agency and other state and federal organizations. Prior to 2008, half of all mortgages written in the U.S. were private. Now almost 15 years on, some lenders are addicted to government subsidies for borrowers who don’t need them, Abate writes, but regulators are rediscovering a trusted partner in the private mortgage sector.
Read the full article via The Institutional Risk Analyst.