Remove 2007 Remove 2009 Remove Accountability
article thumbnail

15 Years After the Subprime Meltdown, Renters Could Still Be Feeling the Impacts

GAO (US Government Accountability Office)

The 2007-2009 financial crisis may seem like a distant memory now. But many are still feeling its impact. After millions of homeowners defaulted on their mortgages and lost their homes, investors bought up these properties and converted them to.

84
article thumbnail

Will the GSEs Repeat 2007 - 2009’s Large Losses?

The Stoop (NYU Furman Center)

9] Such PLS bond investments fell into an accounting category where the capital of the GSEs had to reflect the market value declines of the bonds, which were quite severe, rather than the smaller but still significant actual losses that appeared over future years. [10] percent per year, less than half the rate of house price inflation. [5]

Housing 52
article thumbnail

A History of Ohio Land Banking 2009–2021: From Legislation to Operation

Center for Community Progress

The disproportionate impact in Ohio paved the way for Ohio’s General Assembly to pass a comprehensive county land bank statute in 2009. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. Ohio’s Traditional Land Bank Law. The trend continued for the next several years.

article thumbnail

The Impact of GDP shocks on Fertility Rates

The Lowe Down

A study of the Great Recession’s impact in the United States found that “in 2007, the birth rate was 69.1 Our research includes the changes in birth rates for the decade prior to the trough of the GDP shock to account for existing trends. Overall, 22% of the selected shocks are from 2009. births per 1,000 women.

article thumbnail

Strategies for Landing Your Dream Job in Parks & Recreation

Let's Talk Parks

The housing market crisis had just occurred in 2007, and I graduated in 2009. Back when I graduated in 2009 and I was struggling to find a job, I actually applied to a couple Correctional facilities as their recreation program manager. They’ve had several interviews, and they just can’t land that job.

article thumbnail

Top 50 City Government Blogs

Masters in Public Administration

He was also reelected in 2005 and again in 2009. Michael Patrick McGinn was elected the 52nd mayor of Seattle in November of 2009. Located in Maryland, he has lived there his whole life before being elected mayor in 2009. He works in the town of Cooper City, Florida and was elected in 2007. Mayor Slay. Our Next Mayor.

article thumbnail

Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability

The Stoop (NYU Furman Center)

In response, starting in 1995, the accounting authorities began to require that these contracts be put on a servicer’s balance sheet as an asset (called the MSR asset) equal to the estimated market value of the profit flows over the life of the underlying mortgage portfolio. 2 See [link].