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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)

Unusually, the industry’s regulator, the Appraisal Foundation, was established by the industry itself and then, in 1989, designated by Congress as its regulator. In other words, vote totals in the next election are now visibly in play. The FHFA, from its founding in 2008 to 2021, was an independent regulator.

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

The Stoop (NYU Furman Center)

But in recent years, California’s state government has stepped in to accelerate housing production by reforming zoning regulations, removing some of the red tape that has slowed production, and cracking down on localities that have historically resisted densifying.

Housing 97
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How to Evaluate the Likelihood of GSE Reform in the Next Presidential Administration: Six Questions to Ask

The Stoop (NYU Furman Center)

reforms that Treasury and the Federal Housing Finance Agency (FHFA), the regulator and conservator of F&F, could undertake instead. Regulators imposing a consent decree on undercapitalized financial institutions are a standard practice.[[The Is the planned conservatorship exit real or not (Part 1)?