Remove 2023 Remove Legislation Remove Policy Objective
article thumbnail

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.

article thumbnail

Freddie Mac’s Second Mortgage Pilot: Should the Taxpayer Subsidize Equity Extraction Lending?

The Stoop (NYU Furman Center)

On the other hand, they are required to undertake a public policy mission that does not generate such a return, leading to Congress also awarding them subsidies to ideally even it all out. Although that justification appears nowhere in the legislation creating the GSEs, it is quite broadly accepted by a wide range of policymakers.

Housing 59
article thumbnail

The GSEs and the Second Trump Administration: Ten Possible Mortgage Program and Policy Changes to Expect (Part 2 of 2)

The Stoop (NYU Furman Center)

4] The relevant Trump II policy objectives I have identified nine policy objectives that are both likely to be important to officials in the Trump II administration and relevant for shaping GSE mortgage policies and programs. Reform or eliminate specific targeted credit access programs (e.g.,

Housing 52