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)
MARCH 11, 2024
Today, agency MBS outstanding is about $9 trillion, two-thirds of all first-lien mortgage dollars, while bank-held mortgage loans only account for $2.6 billion for fiscal 2024. 26] The just-released CBO report lists the fiscal 2024 affordable housing program spending at $350 million with the gross subsidy at $7.3 See [link]. [25]
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