Macro Musings with David Beckworth cover image

Mark Calabria on *Shelter From the Storm: How a COVID Mortgage Meltdown Was Averted*

Macro Musings with David Beckworth

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The Role of a Regulator in the Housing Cycle

Fannie and Freddie suffered losses of about six to seven billion in COVID. FHFA immediately started building capital for the two mortgage giants. The housing assistance part of TART cost about 25 billion, with another 10 or so being elsewhere.

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