The Path for Housing GSEs and its Impact on Corporate Cash Investors
3 min readAbstract Recent events related to government sponsored enterprise (GSE) reform have prompted short-duration investors to question the level and nature of government support for their debt issuance after December 31, 2012. The housing GSEs play a critical role in the U.S. mortgage market, representing 99% of all new mortgage-backed securities (MBS) issuance in recent years….