Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
They have a credit box 8 that is akin to what existed around 2000 - 2002, i.e., before the GSEs loosened it up as mortgage bubble distortions showed up. percent of their book with a CLTV of 80-90 percent, with almost all of it (4.2 Similarly, it reports that it has only 1.1 the highest 17 ) when the mortgage was approved.
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