The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)
The Stoop (NYU Furman Center)
MARCH 4, 2024
Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. In 2003, Franklin Raines, the highly visible CEO of Fannie Mae at the time, received compensation of $17.1 mortgage originations. More political than commercial.
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