Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). Since the two companies had $90B of net worth 12 as of 2022 Q2, that strongly suggests that the need for a government rescue this time around is extremely remote.
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