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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. ” The Pre-2008 Fannie Mae and Freddie Mac F&F were relatively small prior to the Savings & Loan (S&L) Crisis of 1989, having only a single-digit market share of funding U.S.

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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 2)

The Stoop (NYU Furman Center)

It describes how the GSE design defect had very publicly manifested itself in these institutions prior to their being taken over by the government via conservatorship in 2008. Today, agency MBS outstanding is about $9 trillion, two-thirds of all first-lien mortgage dollars, while bank-held mortgage loans only account for $2.6

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Fiscal Impacts from COVID-19–Revenue Structure Matters

Death and Taxes

We started reviewing the revenue structures of all municipalities in Florida from 2008 to 2018, considering recession exerts different impacts on each revenue source. Hai (David) is an associate professor of public administration at the Department of Public Policy and Administration, Steven J. Authors’ Bios.

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Federalism and the Detroit Bankruptcy Case

Public Policy Blog

USA Today reports that some bankruptcy experts have predicted that Detroit’s case could last as long as three years [a large Californian case in Vallejo took one year to decide if it was even ELIGIBLE for bankruptcy in 2008 then another three years to be released from bankruptcy protection granted].

Laws 52
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20th anniversary of the blog| Urban revitalization systems thinking's greatest hits: Part two -- not transportation

Rebuilding Place in Urban Space

the Diffusion of Innovations Curve of Everett Rogers ," (2018) -- " Yes the neighborhood will change, but it will take 10-25 years ," (2018) -- " House flipping as reproduction of space ," (2018) -- " Q: Could a community land trust help solve D.C.s gentrification crisis?

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PERFORMANCE READER’S GUIDE (PART 2)

Barrett & Greene

Marc Holzer (editor) and Andrew Ballard (editor) Public Productivity and Performance Handbook , 3rd Edition, 2021, plus Roadmaps for Performance Donald Moynihan, The Dynamics of Performance Management: Constructing Information and Reform , Georgetown University Press, 2008.

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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)

In Part 1 of this series, it was estimated that total closing costs for both buyer and seller accounted for at least 7 to 11 percent of the purchase price of a typical home, surpassing the average 6 to 7 percent down payment made by first-time homebuyers (FTHBs). The FHFA, from its founding in 2008 to 2021, was an independent regulator.

Advocacy 101