Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?
The Stoop (NYU Furman Center)
MARCH 10, 2023
trillion in 2016, which at the time was almost twice the size of the Federal Reserve’s balance sheet and became the largest source of GSE profits. Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away.
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