T2 writes a housing report filled with charts which is second to none. Click on the blue cover to see a recent 34-page update. It’s a quick easy read.
We need to bring investors back into housing. Thanks for the Positive Report
What does GSE stand for in the third chart? Thank you.
Hi Carol, “GSE” stands for government-sponsored enterprise. it refers to two privately-owned companies which go by the nicknames Fannie & Freddie. they are the largest mortgage lenders in the world. Fannie & Freddie were forced into a government-version of bankruptcy in 2008. they were originally created by the federal government to provide money to the mortgage market and the government “sponsored” this activity. the sponsorship has led the federal government to informally guarantee all of the debts of Fannie & Freddie following the 2008 bankruptcy. Fannie & Freddie are expected to lose perhaps $400 billion in the aftermath of the housing crash. thanks for your comment. mdw
Glad you like it. mdw
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