Depending on how you count, Fannie/Freddie loan guarantees in 2022 will either generate almost $30 billion in lifetime savings for the federal government or result in a $5.5 billion loss.
Federal Reserve Governor Michelle Bowman said the Fed’s asset purchases could end in mid-2022. The reason: The costs of quantitative easing may now outweigh the benefits.
LIHTC and GSE programs both use the same flawed system for determining whether a project is “affordable,” revealed David Brickman, former CEO of Freddie Mac.
Local concentration of mortgage lending may not raise interest rates, but it does increase fees and points, especially for low-income and minority borrowers.