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. These reforms also include major changes to how the GSEs do their business. percent decline. [20]
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