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

The Stoop (NYU Furman Center)

12 Mission: Equity extraction products do not fit within a reasonable definition of the GSEs' homeownership mission All GSEs are hybrids created by Congress. This reasoning helps to explain the policy justification for the government’s massive intervention in and subsidization of the market for first mortgages.

Housing 59
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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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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. It is possible that the legislature will consider the issue when they reconvene later this month. Creekside Apartments v.

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)

23 There has even been legislation proposed in Congress to legally require the tri-merge report, 24 overriding the FHFA’s proposed reform. Industry lobbying and advocacy are now also focused on the CFPB in response to its public announcement of an investigation. See [link]. 10 See [link]. See [link].

Advocacy 101
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Government Mortgage Interest Rates: A Serious Discussion about the Intertwined Topics of Risk Adjustment and Cross-subsidies

The Stoop (NYU Furman Center)

It is important to clearly state that the analysis in this article is based on the economic reality that if a loan does not have an interest rate that is appropriately risk-adjusted for its creditworthiness, then by definition there will be cross-subsidies in operation, even if that is not overtly stated.

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V for Vagina: The Anniversary of Michigan Representative Lisa Brown’s Vagina Monologue

Public Policy Blog

One candidate definition is that the power of a legislative leader or party is an ability to achieve outcomes that would otherwise have been unattainable or to prevent outcomes that otherwise would have taken place (Bachrach and Baratz 1963). State Politics & Policy Quarterly , 11(1), 102-118. State Legislatures.

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The Heavy Lift to Implement GSE Reform-Recap-Release: Part 2: Charter-defect Reforms

The Stoop (NYU Furman Center)

Importantly, this series is based on the widely held view that congressional legislation to reform the GSEs will not occur in the foreseeable future and that any significant changes to the GSE structure will thus need to be implemented via “administrative means,” as defined directly below. That portfolio peaked at over $1.5