Remove Accountability Remove Community Development Remove Policy Objective
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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)

In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and community development mission given to it by Congress. 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