Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
Second, it was very much exacerbated by strong government fiscal and monetary policy actions, especially the record low mortgage interest rates that also generated a massive refinancing boom. This resulted in the government taking them over in September 2008 and injecting $187B of taxpayer money to keep them solvent.
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