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The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

The GSE Background Over a century ago, Congress began creating public-private hybrid corporations known as government-sponsored enterprises. Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. mortgage originations.

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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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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
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“We are as gods and might as well get used to it.”

Public Purpose - An Independent Advisory Company

Thoughtful public policy can bring about this kind of change, mustering a predictable dose of “convincing technocratic optimism.”

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Federalism and the Detroit Bankruptcy Case

Public Policy Blog

Accountability and transparency standards must be strengthened as well as lending practices monitored as opposed to the borrow now and cross your fingers later approach to lending. If we start down this road, multiple municipalities, creditors, etc.

Laws 52
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After the Storm: Summary Ejectment and Assistance Programs in North Carolina

Community and Economic Development Program of UNC

Post-Helene, there is not a moratorium on summary ejectment proceedings, although activists and at least two legislators have called upon the legislature, the chief justice, and the governor for such action. Homelessness and displacement may impede the delivery of the accounting to the tenant and the return of the balance.

Housing 40
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The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)

The Stoop (NYU Furman Center)

In Part 1 of this series, it was estimated that total closing costs for both buyer and seller accounted for at least 7 to 11 percent of the purchase price of a typical home, surpassing the average 6 to 7 percent down payment made by first-time homebuyers (FTHBs). 7 See Hahn, “DOJ, FTC & NAR: A Hundred Year War,” [link].

Advocacy 101