Public Policy Blog

AUGUST 1, 2013

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

Laws Local Government Accountability Government 52

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)

APRIL 3, 2023

6 ) Nevertheless, all newly built MH units, even those with the very low cost, meet the building standards established by HUD, including energy efficiency (which leads to lower monthly operating costs). However, the concept of “quality” is somewhat vague – often meaning mainly on-the-surface finishes (e.g., ” [link].

Housing 59

Housing Advocacy Government Development 59

Rebuilding Place in Urban Space

JUNE 19, 2023

I don't think I was aware at the time of the Denver Scientific and Cultural Facilities District , which operates at a multicounty scale. mill tax for the Detroit Zoo they approved in 2008. And there are many examples of these kinds of taxing and/or operating districts across the U.S., The authority was set up by the State.

Voting 52

Voting Local Government Communications Legislation 52

The Stoop (NYU Furman Center)

SEPTEMBER 5, 2023

Under the pressure of the financial crisis, in mid-2008, the market began to lose confidence in the implied guarantee given its informal and unwritten nature. 7] Because Congress had set up the GSEs through legislation, the Obama administration believed it was up to Congress to develop revisions to that legislation to eliminate these defects.

Legislation 105

Legislation Regulations Operations Housing 105

The Stoop (NYU Furman Center)

MAY 31, 2023

1 My view is that the current way they operate – which varies considerably between the four agencies – would be significantly improved if they all applied three key principles: Do risk-adjusting on a practical and easily implementable basis, very much enabled by today’s information processing capabilities.

Government 52

Government Housing Implementation Legislation 52

The Stoop (NYU Furman Center)

JANUARY 7, 2025

Will GSE reform, including conservatorship exit, be accomplished through congressional legislation? When the conservatorships were established in 2008, exiting them required approval from both the presidential administration, acting through Treasury, and the then-independent FHFA, led by a single director.

Legislation 69

Legislation Housing Campaign Voting 69

The Stoop (NYU Furman Center)

MARCH 31, 2025

An exit from conservatorship can occur through legislation or administrative means. ” As Congress had created F&F, the Obama administration looked to Congress to enact legislation to do just that. go into run off and be liquidated in some fashion) and replaced by “something else.”

Implementation 52

Implementation Legislation Regulations Housing 52

The Stoop (NYU Furman Center)

FEBRUARY 18, 2025

The first event occurred in September of 2008 when the government placed the GSEs into conservatorship during the great financial crisis. This allowed its regulator, the Federal Housing Finance Agency (FHFA) – which declared itself to be their conservator – to operate the companies in lieu of their stockholders and boards.

Housing 52

Housing Legislation Policy Objective Implementation 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.

Legislation 90

Legislation Implementation Housing Regulations 90