Remove 2007 Remove 2022 Remove Regulations
article thumbnail

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

The Stoop (NYU Furman Center)

Then the pandemic led to a supercharged rate of increases: prices went up by an unprecedented 40 percent in just the 2-1/4 years through 2022 Q2 (the latest full quarter available 4. 12] This is not a level considered “adequately capitalized” by the regulators. This rapid ascent was driven by multiple factors.

Housing 52
article thumbnail

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

The Stoop (NYU Furman Center)

By 2022, the NMS industry had grown to command 54 percent of the servicing market, with expectations for further share growth. The Report notes, by contrast, that the regulations that apply to banks are designed to do just that. Inability to maintain “safe and sound" o perations. 2 See [link].

article thumbnail

Saving the planet through procurement: Governments are identifying ways to use purchasing to achieve and support sustainability goals

American City & Country

According to a Statistica report, 62 million metric tons were generated worldwide in 2022 as the volume of discarded electronic material has nearly doubled since 2010. She formally served as purchasing agent for the city of San Diego, the ninth largest city in the nation, and emergency logistics chief during the 2007 Witch Creek Fires.

article thumbnail

The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)

The Stoop (NYU Furman Center)

Unusually, the industry’s regulator, the Appraisal Foundation, was established by the industry itself and then, in 1989, designated by Congress as its regulator. The FHFA, from its founding in 2008 to 2021, was an independent regulator. 4 See Fred Ashton, October 2022, America Action Forum. 15 Credit reports.

article thumbnail

Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The Federal Housing Finance Agency (FHFA), the regulator and conservator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), has been very prominently in the news lately. every borrower paying the same interest rate), its regulators would cite it for engaging in an unsafe and unsound practice.