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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)

4 For those who have closely followed the housing finance industry for a long time, this should evoke memories of the efforts to reform Fannie Mae and Freddie Mac (F&F) in the years before the Great Financial Crisis (GFC), and how their management teams also responded so aggressively to counter them. mortgage originations.

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

Center for Community Progress

At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. In 2006, the Ohio General Assembly passed this legislation. Everything seemed to work as planned—until 2008.

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

The Stoop (NYU Furman Center)

First, the implementation timeline is rather long, as key recommendations are significantly dependent upon Congress passing legislation – and it must be assumed that such passage will require, at a minimum, at least several years. I find these recommendations lacking for four main reasons.

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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)

In response to that growing criticism plus how much has changed in markets, legislation, and regulation during the 90-plus years of the FHLBanks’ existence, its regulator – the Federal Housing Finance Agency (FHFA) – announced in 2022 that it would undertake a review of the entire System. billion for fiscal 2024.

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Weird intra-governmental spat in DC over the Washington Nationals stadium

Rebuilding Place in Urban Space

From the article: The District is playing hardball in a dispute with the owner of Nationals Park, effectively threatening to shut down the stadium if Events DC fails to develop the commercial and retail space it promised before the ballpark’s 2008 opening. Plus, they are crappy at managing non-sports functions in their spaces.

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21 August 2017 | Partisan Alignment and Delegation to the U.S. Bureaucracy, By Christine Palus & Susan Webb Yackee*

PMRA (Public Management Research Association)

As we all know, the legal authority of public bureaucrats to make decisions resides in the delegation of discretion from elected legislators and executives, such as the president or state governors, to administrative agents.

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Federalism and the Detroit Bankruptcy Case

Public Policy Blog

The city’s pension boards have accused Emergency Manager Orr’s team of failing to negotiate in good faith over changes to retiree pensions (NPR) which I feel will be the single largest hang-up and possibility for a bailout scenario that Detroit has in order to salvage retiree benefits and incomes.

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