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
Additionally, a decade later in 1999, legislated changes were made that included broadening the asset types that could be used as collateral to secure FHLB advances. One such asset type was mortgage-backed securities (MBS) issued by Ginnie Mae, Fannie Mae, and Freddie Mac, collectively known in financial markets as “agency MBS.”
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