Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
Given very low unemployment and record high levels of homeowners’ equity, along with a shortage of housing units (versus the surplus when the mortgage bubble began to burst in 2007), this seems reasonable to me as an estimate. I note that the stress test uses a much larger 28.5 percent decline. [20]
Let's personalize your content