However, outstanding green bonds only account for just under 2% of the international bond market as a whole, despite appreciable growth rates.5 Further market growth will have a positive effect as long as it is “healthy”. In other words, the market cannot simply be greenwashed with green labels. What’s “green” on the outside is “green” on the inside, too.
Fannie's and Freddie's purchases of their own or each other's mortgage-backed securities with their market-subsidized debt do not contribute usefully to mortgage market liquidity, to the enhancement of capital markets in the United States, or to the lowering of mortgage rates for homeowners.