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The Heavy Lift to Implement GSE Reform-Recap-Release Part 1: The Necessary Background

The Stoop (NYU Furman Center)

Additionally, GSE mortgage-backed securities (MBS) comprise the clear majority of the “agency MBS market, [7] ” the second most liquid U.S.-dollar Recognizing that getting Congress to pass any type of GSE reform bill was remote, “GSE reform by administrative means” was developed within the conservatorship.