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The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). mortgage originations.
Our data includes all cases filed after 2016, so it likely contains all cases before the court at the time of the first moratorium. After the initial shutdown of the courts, the patchwork of programs and regulations allowed some cases to move forward. Instead, owners may only seek a money judgment for that amount.
2 In November of last year, the Federal Housing Finance Agency (FHFA), the regulator and conservator of the two companies, issued its annual report on their G-fees (the G-fee Report), covering calendar year 2021. 3 In that report, the FHFA disclosed that the average G-fee across all products was 0.46
One, it placed the companies into conservatorship, an obscure legal status in which they would continue to operate, but with their regulator, the FHFA, [3] in operational control of the companies in lieu of their stockholders and boards of directors. The Bush administration, therefore, did two things.
In response, Democrats in California and Massachusetts, Republicans in Utah and Montana, and city governments across the country have enacted legislation designed to address the barriers that restrict new housing development. “This is a moment of ferment—and experimentation—in land use policy,” writes Noah M.
An exit from conservatorship can occur through legislation or administrative means. How we got to GSE reform by administrative means The concept of GSE reform through administrative means only emerged around 2016, a full eight years after F&F were placed in conservatorship.
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