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. 19 This support was translated into extreme lobbying power in Congress, which ensured that the two companies did not lose the subsidies. The two portfolios together peaked at over $1.5
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