Remove 2008 Remove Political Consequences Remove Security
article thumbnail

The Heavy Lift to Implement GSE Reform-Recap-Release Part 1: The Necessary Background

The Stoop (NYU Furman Center)

Additionally, GSE mortgage-backed securities (MBS) comprise the clear majority of the “agency MBS market, [7] ” the second most liquid U.S.-dollar I do not believe anyone back in 2008, when conservatorship began, had any idea such reforms would come about, much less change so much how the mortgage markets work. [5]