The Stoop (NYU Furman Center)

MARCH 4, 2024

The GSE Background Over a century ago, Congress began creating public-private hybrid corporations known as government-sponsored enterprises. Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. mortgage originations.

2008 88

2008 Legislation Housing 2004 88

The Stoop (NYU Furman Center)

MARCH 10, 2023

taxpaying public. 12 This means that the taxpayers are now officially (again, using FHFA calculations) earning a sub-standard return on their investment, providing what amounts to a large, hidden, and never-congressionally-approved economic subsidy to the GSEs, 13 which is not good public policy. See [link].

2008 52

2008 2014 2019 Press Release 52

The Stoop (NYU Furman Center)

MAY 31, 2023

Conservatives were very vociferous in opposing the changes, most notably in two prominent Wall Street Journal editorials: “Upside Down Mortgage Policy” (April 22, 2023) and “Spinning Federal Mortgage Fees” (April 28, 2023). the legislation that established them). This claim is simply untrue.

Government 52

Government 2008 Housing Implementation 52