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Meet the top 6 finalists for the 2023 Service to America Medals® People’s Choice Award

Partnership for Public Service

Continue reading to learn more about these outstanding civil servants and vote for your favorite to be crowned the 2023 People’s Choice Award winner. The post Meet the top 6 finalists for the 2023 Service to America Medals® People’s Choice Award appeared first on Partnership for Public Service.

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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)

Additionally, a decade later in 1999, legislated changes were made that included broadening the asset types that could be used as collateral to secure FHLB advances. One such asset type was mortgage-backed securities (MBS) issued by Ginnie Mae, Fannie Mae, and Freddie Mac, collectively known in financial markets as “agency MBS.”

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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 F&F core business of securitizing and guaranteeing loans essentially takes the below-market cost of the funds raised by issuing mortgage-backed securities (MBS), which reflects the implied guarantee, and passes that subsidized cost through to primary market lenders. 4] See Bloomberg’s article from Dec 20, 2023, “A $1.3

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