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Celebrating 20 Years of Land Banks in Michigan

Center for Community Progress

The Detroit Land Bank Authority (DLBA) is the nation’s largest land bank, with over 75,000 properties in its inventory as of 2022. One facet of the legislation stipulated that Michigan land banks must be created by intergovernmental collaboration between a county and the state land bank. Why are there so many land banks in Michigan?

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Over Forty National, Local, and Land Bank Stakeholders Join Community Progress in Asking Bank Regulators to Strengthen the CRA

Center for Community Progress

On August 5 th , 2022, Community Progress and forty-three supporting organizations across the country submitted a public comment calling for the modernized Community Reinvestment Act to center racial equity and embed land banking strategies. You can read our comment here.

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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.

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

The Stoop (NYU Furman Center)

By 2022, the NMS industry had grown to command 54 percent of the servicing market, with expectations for further share growth. 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.

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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

The FHFA then indicated that it ended this delay and began to employ the newer, higher capital requirement approach beginning in 2022. Individual GSE public financial disclosures do, however, indicate there may have been a modest increase during 2022 (i.e., What about the average G-fee in 2022? percent to 0.49