The Stoop (NYU Furman Center)

MARCH 4, 2024

11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. ” The Pre-2008 Fannie Mae and Freddie Mac F&F were relatively small prior to the Savings & Loan (S&L) Crisis of 1989, having only a single-digit market share of funding U.S.

2008 78

2008 Legislation Housing 2004 78

The Stoop (NYU Furman Center)

APRIL 29, 2024

5 This is because the government has put considerable time and resources into developing lower downpayment alternatives that are still of acceptable credit quality to the government agencies that provide most mortgage credit today. Post-2008, with all the reforms enacted via the Dodd-Frank Act (e.g., 10] See [link]. [11]

Housing 59

Housing Regulations 2007 Article 59

The Stoop (NYU Furman Center)

MAY 31, 2023

This was described on the one hand as unfair, since it relied on overcharging low-risk borrowers “who had played by all the rules” and, on the other hand, as unduly incenting bad loans at the GSEs (by charging too little for high-risk loans) in a quasi-replay of the lead up to the mortgage bubble of 2005 to 2008.

Government 52

Government 2008 Housing Implementation 52