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

The Stoop (NYU Furman Center)

The housing market has just experienced one of the largest upcycles in history. First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). This rapid ascent was driven by multiple factors.

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

The Stoop (NYU Furman Center)

6 The regulations covering NMSs do not subject them to strong enough prudential regulatory requirements to ensure they can operate in a safe and sound manner even during times of significantly adverse economic and market circumstances. The Report notes, by contrast, that the regulations that apply to banks are designed to do just that.

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

Center for Community Progress

Once-thriving middle-class neighborhoods with much history, shops, solid housing stock, and cultural treasures transitioned almost overnight into vacant and abandoned streets and retail strips. This number rose to 8,700 in 2003, 9,700 in 2004, 13,943 in 2006, and 14,946 in 2007. The trend continued for the next several years.

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

The Stoop (NYU Furman Center)

Introduction The high level of closing costs has been placed onto housing policy’s front burner by two recent events. This could significantly increase affordability, especially for FTHBs, and make housing transactions generally more cost-effective for both buyers and sellers. 3 In the modern era, U.S. labor force of 168 million.

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Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

Introduction President Biden recently addressed the pressing issue of housing affordability in his recent State of the Union (SOTU) speech, announcing several initiatives to tackle it. Together, these two events make clear that closing costs are moving to the front burner of housing policy. So, this is still an evolving situation.)

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County Legal Authority to Fund Non-Mandated Social Services Programs

Community and Economic Development Program of UNC

328, 342 (2007); see also Saine v. 122 (2015)); loans for persons of low and moderate income to acquire housing ( In Re Denial of Approval of Bonds , 307 N.C. Multiple statutes provide authority for a local government’s affordable housing activities, as detailed in this comprehensive blog post by my colleague Tyler Mulligan.

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Faced with Housing Shortages, Policymakers Test New Reforms To Increase Production

The Stoop (NYU Furman Center)

State and local policymakers around the country are working to address America’s severe housing shortage, by considering, and implementing, a wide range of policies in the hopes of increasing housing supply. These policies range from substantive revisions to zoning codes to procedural reforms to the land use approval process.

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