Will the GSEs Repeat 2007 - 2009’s Large Losses?
The Stoop (NYU Furman Center)
NOVEMBER 7, 2022
percent of their book with a CLTV of 80-90 percent, with almost all of it (4.2 18 Even if house prices decline by 10 to 15 percent 19 , which only retraces a portion of how much they rose during the pandemic, the GSEs simply have only a very small percentage of their loan book that would be underwater. They only have 4.4
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