Remove Accountability Remove Public Policy Remove Regulations
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

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)

Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. Such a process requires a public comment period, and it can sometimes take up to a year or longer. 25] He resigned in 2004 due to accounting irregularities. [26]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

“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.”

article thumbnail

CRA Podcast Episodes

CRA Today

Class equity enables students to open their own “bank account,” through which they practice earning classroom dollars, saving, and spending in a safe environment. The CFE Fund’s national Bank On platform supports local coalition and financial institution efforts to connect consumers to safe, affordable bank accounts: [link].

article thumbnail

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

Community and Economic Development Program of UNC

Typically, the security deposit is not addressed in actions for summary ejectment because the landlord (or their agent) has usually not had a chance to inspect the rental property for damages and deliver an accounting to the tenant prior to the summary ejectment hearing. Unfair or Deceptive Practice Act. Creekside Apartments v. 42-25.6.

Housing 40
article thumbnail

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). The FHFA, from its founding in 2008 to 2021, was an independent regulator.

Advocacy 101
article thumbnail

Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

The Federal Housing Finance Agency (FHFA), the regulator and conservator of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), has been very prominently in the news lately. every borrower paying the same interest rate), its regulators would cite it for engaging in an unsafe and unsound practice.