The GSE CRT market reopens post COVID-19 disruption: A new normal? Or more troubles on the horizon?

By Andrew Netter
30 September 2020
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This article takes a closer look at the COVID-19 disruption’s impact on the GSE CRT market—including subsequent changes to new issuance deal structure, pricing, and capital markets versus reinsurance allocation. Post-COVID-19 GSE CRT issuances have featured increased credit enhancement for issued tranches, increased pricing levels, tightened reinsurance versus capital markets pricing, and some changes in the reinsurance versus capital markets allocation.

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Andrew Netter

Milwaukee Tel: 1 262 7963341

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