The GSEs Are Being Very Slowly Phased Out; Perhaps We Are Seeing The Consequences

Nick Timiraos wrote a piece in the Wall Street Journal on Thursday about how mortgage rates on loans eligible for Fannie Mae and Freddie Mac purchase are higher than those that are not–loans with balances that exceed the “conforming loan limit” that specifies the maximum size of a loan eligible for GSE purchase. Why did this happen?  How is it that loans backed by a government guarantee cost more than loans without such a guarantee?

via The GSEs Are Being Very Slowly Phased Out; Perhaps We Are Seeing The Consequences – Forbes.

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