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
19 This support was translated into extreme lobbying power in Congress, which ensured that the two companies did not lose the subsidies. The FHFA just recently announced the last such cross-subsidy changes in January 2023. During much of conservatorship (specifically 2012 to 2019), strangely, capital was depleted by design.
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