Center for Community Progress

JUNE 6, 2022

At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. Everything seemed to work as planned—until 2008. The trend continued for the next several years.

2009 52

2009 Legislation 2021 Operations 52

The Stoop (NYU Furman Center)

MARCH 11, 2024

It was established by Congress in 1932 and today consists of 11 regional FHLBanks that operate as one system, cross-guaranteeing each other’s debts. Additionally, other recommendations were made to update aspects of how the FHLBanks operate to reflect the current environment rather than what existed many decades ago.

2008 59

2008 Regulations Housing Legislation 59

The Stoop (NYU Furman Center)

MARCH 4, 2024

The private persona of a GSE is that it is owned and capitalized by the private sector and operated as a for-profit company. 11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. mortgage originations. More political than commercial.

2008 88

2008 Legislation Housing 2004 88