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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

It did so, for example, in 2004 to cover the budget year 2003, when its estimate was $3.2 Enter the FHFA The FHFA implemented specific reforms in past years to keep the FHLBs from straying even further from their mission and towards profit. billion of losses by just four of the FHLBs in 2009 and 2010. billion for fiscal 2024.

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The GSE Conservatorships: Fifteen Years Old, With No End in Sight

The Stoop (NYU Furman Center)

From roughly 2010 to 2016, GSE reform took the form of a search among these proposals to find a specific “something else” that could both (1) gather the broad political support needed for legislation to be passed in Congress, and (2) be workable in the very complex mortgage markets.