The Need for a Federal Liquidity Facility for Government Loan Servicing

Urban Institute, July 17, 2020–Karan Kaul, Ted Tozer
This brief explores fundamental differences between the roles Ginnie Mae and the government-sponsored enterprises play in the mortgage market and explains how these differences contribute to elevated risk of liquidity stress for government loan servicing.
https://www.urban.org/research/publication/need-federal-liquidity-facility-government-loan-servicing