Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
They have a credit box 8 that is akin to what existed around 2000 - 2002, i.e., before the GSEs loosened it up as mortgage bubble distortions showed up. I have found, in a variety of recent articles, the 10 to 15 percent range for housing price declines (i.e., 19] It is of course impossible to predict what will happen to house prices.
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