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2 Those findings included information and analysis that validated many of the criticisms. 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 This included nationwide listening sessions and other opportunities for public input.
6 From this perspective, the pilot is arguably a significant move by the GSEs to informally expand their mission beyond housing or homeownership by providing taxpayer-subsidized loans that can be used for purposes other than housing-related ones. It seems clear it would not.
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