Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?
The Stoop (NYU Furman Center)
MARCH 10, 2023
trillion in 2016, which at the time was almost twice the size of the Federal Reserve’s balance sheet and became the largest source of GSE profits. The FHFA just recently announced the last such cross-subsidy changes in January 2023. 27] See Freddie Mac 2019 Full-Year Earnings press release, page 6, [link].
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