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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

It is considered one of America’s government- sponsored enterprises (GSEs), i.e., public-private hybrid corporations created by Congress and authorized to engage only in a narrowly-tailored set of activities. This included nationwide listening sessions and other opportunities for public input.

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Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?

The Stoop (NYU Furman Center)

14 Interestingly, the FHFA – in its review of the Federal Home Loan Bank System (together considered the “third GSE”) now underway – is engaged in soliciting public comment on what the mission should be as part of a rulemaking to make it clearly defined. 13 See my previous article that discusses this in more depth.

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