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. It just reflects their net worth increasing steadily since the government allowed the two GSEs to retain their earnings beginning in mid-2019. 11] This excludes a 0.10
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