The Stoop (NYU Furman Center)

MARCH 4, 2024

The F&F core business of securitizing and guaranteeing loans essentially takes the below-market cost of the funds raised by issuing mortgage-backed securities (MBS), which reflects the implied guarantee, and passes that subsidized cost through to primary market lenders. Growing profits by exploiting the implied guarantee.

Legislation 93

Legislation Housing Regulations Operations 93

The Stoop (NYU Furman Center)

MARCH 11, 2024

Additionally, a decade later in 1999, legislated changes were made that included broadening the asset types that could be used as collateral to secure FHLB advances. One such asset type was mortgage-backed securities (MBS) issued by Ginnie Mae, Fannie Mae, and Freddie Mac, collectively known in financial markets as “agency MBS.”

Regulations 59

Regulations Housing Legislation Community Development 59

Public Policy Blog

JANUARY 3, 2014

Residents of “late modern” society find themselves increasingly responsible for elements of life such as economic security, risk management, and identity maintenance that once were delivered by social institutions (Beck, 1999; Bennet, 1998). There is no guarantee of public policy change as a result of powerful new social movements.

Social Media 40

Social Media Sustainability Communications Grassroots 40