The Stoop (NYU Furman Center)

MARCH 11, 2024

It describes how the GSE design defect had very publicly manifested itself in these institutions prior to their being taken over by the government via conservatorship in 2008. Like F&F prior to 2008, the FHLBanks hold themselves out as competitive commercial enterprises, but the truth is that they also are not.

2008 59

2008 Regulations Housing Legislation 59

The Stoop (NYU Furman Center)

MARCH 10, 2023

percent) in 2014, after having been purposefully increased by the FHFA and the two GSEs in prior years. As such a higher G-fee has not yet been seen, it creates a major policy uncertainty overhanging the mortgage lending system – is a big G-fee increase inevitably coming? taxpaying public. percent to 0.49 percent to 0.49

2008 52

2008 2014 2019 Press Release 52

The Stoop (NYU Furman Center)

MAY 31, 2023

This was described on the one hand as unfair, since it relied on overcharging low-risk borrowers “who had played by all the rules” and, on the other hand, as unduly incenting bad loans at the GSEs (by charging too little for high-risk loans) in a quasi-replay of the lead up to the mortgage bubble of 2005 to 2008.

Government 52

Government 2008 Housing Implementation 52