Affordable Housing

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About the GSEs and mortgage rates… 

Oct 10, 2008By

When Fannie and Freddie were put into conservatorship and the government took preferred equity positions in each company, the reasoning sold to the public was simple: stabilization of the mortgage market was critical to our functioning economy, and only by seizing control of the GSEs could that stabilization be achieved. Mission accomplished? Um, not quite. Not even close, actually.

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