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12 Mission: Equity extraction products do not fit within a reasonable definition of the GSEs' homeownership mission All GSEs are hybrids created by Congress. ” In addition, CES mortgage products are being offered by many depository financial institutions, but definitely not universally.
Together, parts 1 and 2 of the analysis are essential to understand the FHFA Report and how its proposed reforms are most definitely needed. 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 See [link]. [25] billion).
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