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
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. Part 1 of this two-part paper describes this more fully. ” Before the S&L Crisis, such agency MBS was a small corner of the market.
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