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. This would be, in essence, an unwinding of the ERCF and a return to approximately the CCF that was officially in place from 2017 to 2019 for setting the average G-fee. Also, the 0.10
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