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
They didn’t have competition in the conventional sense, but mainly competed in a limited manner with other government units, such as the Federal Housing Administration and the Department of Veterans Affairs, and to a certain degree with banks and institutional investors. It well reflects how much F&F are a hybrid of the two.
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