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

The Stoop (NYU Furman Center)

An exit from conservatorship can occur through legislation or administrative means. Additionally, GSE mortgage-backed securities (MBS) comprise the clear majority of the “agency MBS market, [7] ” the second most liquid U.S.-dollar dollar fixed-income market. This liquidity helps keep mortgage rates relatively low.