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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.

Housing 52
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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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Nonbank Mortgage Servicers: Proposing a Better Path to Reduce Their Risk to Financial Stability

The Stoop (NYU Furman Center)

6 The regulations covering NMSs do not subject them to strong enough prudential regulatory requirements to ensure they can operate in a safe and sound manner even during times of significantly adverse economic and market circumstances. The Report notes, by contrast, that the regulations that apply to banks are designed to do just that.

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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. It was established by Congress in 1932 and today consists of 11 regional FHLBanks that operate as one system, cross-guaranteeing each other’s debts.

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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.

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Policy Minute: Exclusionary Zoning

The Stoop (NYU Furman Center)

Across the country, policymakers are dealing with the impact of exclusionary zoning practices that have created barriers to housing supply and restricted access to high-opportunity neighborhoods for low-income families. The median rent of a housing unit in Westchester County increased by roughly 2.5 percent to 19.2

Housing 52
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20th anniversary of the blog| Urban revitalization systems thinking's greatest hits: Part two -- not transportation

Rebuilding Place in Urban Space

It's not a matter of not knowing what to do, but how to get support and to pay for it. Center cities provide a kind of quality of life benefit to the suburbs, as they tend to provide more services and get more homeless individuals as a result.