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Great News for Chile

Human Transit

The implementation of Transantiago, however, was a disaster. When the system was turned on in January 2007, some parts of it hadn’t come together. In any case, the messy implementation doesn’t mean the reform wasn’t worth doing. Not enough new buses had arrived. Not all the necessary technology was ready.

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

The Stoop (NYU Furman Center)

Finally, I will present a list of various pragmatic actions from which policymakers can select several they view as most well-suited for implementation. This includes imposing higher capital and liquidity requirements, as well as implementing resolution planning 12 and other requirements.

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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)

Rather, the root cause has been the long-running blocking of reforms to reinstate price competition in housing and mortgage markets, which contrasts with other industries where such reforms have instead been successfully implemented in past decades. This translates into considerable clout in Congress and state legislatures.

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

The Stoop (NYU Furman Center)

The core claim made by critics is that the changes, implemented on May 1, are a mechanism for a new and major economic cross-subsidy from less risky borrowers to more risky ones. Used by more than a thousand primary lenders, this grid is of adequate accuracy while being practical for those lenders to implement.