The Stoop (NYU Furman Center)

MARCH 4, 2024

Written in a neutral regulatory tone, the document largely validates these criticisms via facts and analysis, and then proposes extensive recommendations for change. Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation.

Legislation 93

Legislation Housing Regulations Operations 93

Center for Community Progress

AUGUST 17, 2023

One facet of the legislation stipulated that Michigan land banks must be created by intergovernmental collaboration between a county and the state land bank. In the 20 years since this legislation, Michigan has formed 48 county land banks, one city land bank (DLBA), and the state land bank, which serves the remaining 35 counties.

Legislation 98

Legislation Laws Local Government Housing 98

The Stoop (NYU Furman Center)

NOVEMBER 11, 2024

This nearly-50-page document concluded that nonbank mortgage servicers (NMSs) collectively are a potential threat to financial stability. A focus on MBS securitized through the smaller Ginnie Mae can follow later, as legislation would likely be required.) I find these recommendations lacking for four main reasons.

Regulations 64

Regulations Legislation Operations Implementation 64

The Stoop (NYU Furman Center)

JUNE 10, 2024

As documented in the Government Accountability Office (GAO) study referenced in Part 1, homebuyers will almost always defer to a third party involved in the purchase transaction to select a title insurer. The FHFA, from its founding in 2008 to 2021, was an independent regulator. See [link]. 10 See [link]. See [link]. See [link].

Advocacy 101

Advocacy Housing Regulations Legislation 101

The Stoop (NYU Furman Center)

MARCH 10, 2023

In the years immediately following conservatorship (which began in September 2008), the FHFA increasingly took over setting the average G-fee. Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away.

Press Release 52

Press Release Housing Regulations Implementation 52

The Stoop (NYU Furman Center)

MAY 31, 2023

The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes. The RFI document 20 itself has given the FHFA an opportunity to explain what it did and why and to educate the public on various aspects of the topic. This claim is simply untrue.

Government 52

Government Housing Implementation Legislation 52

The Stoop (NYU Furman Center)

JULY 30, 2024

Introduction Freddie Mac and Fannie Mae (F&F), the two large government-sponsored enterprises (GSEs), were placed into conservatorship in September 2008 at the height of the Great Financial Crisis, when the markets lost confidence in them. For example, see the September 2008, “Statement by Secretary Henry M. Paulson, Jr.

Implementation 90

Implementation Legislation Housing Regulations 90