The Stoop (NYU Furman Center)

MARCH 4, 2024

11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. ” The Pre-2008 Fannie Mae and Freddie Mac F&F were relatively small prior to the Savings & Loan (S&L) Crisis of 1989, having only a single-digit market share of funding U.S.

2008 88

2008 Legislation Housing 2004 88

The Stoop (NYU Furman Center)

MARCH 10, 2023

4 That average will change slightly each year to reflect the normal annual variation in the mix of products and borrower characteristics – for example, it was up by two basis points (bp) in 2021 over 2020, but down by the same amount from the prior year. percent to 0.49 percent to 0.49

2008 52

2008 2014 2019 Press Release 52

The Stoop (NYU Furman Center)

MAY 31, 2023

The FHFA, meanwhile, has stated that there is no intention to do such redistribution and that the changes resulted instead from updating the GSE risk adjustments, mostly set about a decade ago, to be consistent with the rule it adopted in 2020 for minimum required capital. This claim is simply untrue.

Government 52

Government 2008 Housing Implementation 52