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Blog

How Deep Is the GSE ‘Economic Moat’?

Don Layton • September 18, 2019

When policymakers focus on legislative reform of the GSEs, a core principle widely espoused is to increase competition, to get away from the Freddie Mac/Fannie Mae duopoly.…
Blog

GSE Reform: None or Mostly Done?

Don Layton • August 5, 2019

Ever since the dust settled from the 2008 financial crisis, there has been focus in Washington on what to do with the two main government-sponsored enterprises (GSEs),…
Blog

The US Housing Finance System: A Flawed Giant

Don Layton • July 2, 2019

It is well understood that housing, broadly defined, generates a tremendous share of US GDP – roughly one-sixth in fact, with only the healthcare sector being larger. And for…