Remove Definition Remove Legislation 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 response to that growing criticism plus how much has changed in markets, legislation, and regulation during the 90-plus years of the FHLBanks’ existence, its regulator – the Federal Housing Finance Agency (FHFA) – announced in 2022 that it would undertake a review of the entire System.

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Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?

The Stoop (NYU Furman Center)

12 Mission: Equity extraction products do not fit within a reasonable definition of the GSEs' homeownership mission All GSEs are hybrids created by Congress. This reasoning helps to explain the policy justification for the government’s massive intervention in and subsidization of the market for first mortgages.

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