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

Center for Community Progress

Once-thriving middle-class neighborhoods with much history, shops, solid housing stock, and cultural treasures transitioned almost overnight into vacant and abandoned streets and retail strips. The disproportionate impact in Ohio paved the way for Ohio’s General Assembly to pass a comprehensive county land bank statute in 2009.

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Will the GSEs Repeat 2007 - 2009’s Large Losses?

The Stoop (NYU Furman Center)

The housing market has just experienced one of the largest upcycles in history. First, house prices increased by 57 percent 1 over the nearly nine years from their post-financial crisis bottom (2011 Q2) through the last quarter before the pandemic (2020 Q1). This rapid ascent was driven by multiple factors.

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

The Stoop (NYU Furman Center)

This means the far bigger influence comes from Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that are currently under the control 11 of the Federal Housing Finance Agency (FHFA). 1 FSOC was created by the Dodd-Frank Act in response to certain regulatory failings revealed by the financial crisis of 2007-2009.

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Transforming Cleveland Vacant Lots into an Urban Farm

Center for Community Progress

Drive 15 minutes southeast from the heart of downtown Cleveland and you’ll find an unexpected sight: a working urban farm, complete with a burgeoning fruit orchard, chicken coop, and hoop houses. The house is the “ de facto second, third, and fourth responder serving the impoverished residents of the Mt.

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Strategies for Landing Your Dream Job in Parks & Recreation

Let's Talk Parks

The housing market crisis had just occurred in 2007, and I graduated in 2009. Back when I graduated in 2009 and I was struggling to find a job, I actually applied to a couple Correctional facilities as their recreation program manager. They’ve had several interviews, and they just can’t land that job.

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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)

Introduction The Federal Home Loan Bank (FHLB) System 1 is a relatively unknown but important part of America’s housing and financial system, with over $1 trillion in assets. 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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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 average guarantee fee (G-fee) of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), who currently finance about half of the nearly $13 trillion of outstanding first-lien single-family mortgages in the country, 1 is among the most closely-watched numbers by housing finance policymakers and the mortgage lending industry.