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. They have relatively small investment portfolios now, down by over 80 percent from their pre-financial crisis high of $1.5T. 5] This is an extraordinary CAGR of over 16 percent. [5]
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