Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
Then the pandemic led to a supercharged rate of increases: prices went up by an unprecedented 40 percent in just the 2-1/4 years through 2022 Q2 (the latest full quarter available 4. 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.
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