The Stoop (NYU Furman Center)
MARCH 4, 2024
The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). A few of the recommendations require legislation by Congress. [4]
The Stoop (NYU Furman Center)
SEPTEMBER 5, 2023
7] Because Congress had set up the GSEs through legislation, the Obama administration believed it was up to Congress to develop revisions to that legislation to eliminate these defects. Q3: Why was Congress unable to expeditiously pass legislation to correct those business model defects as a key step to ending conservatorship?
The Stoop (NYU Furman Center)
MARCH 11, 2024
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. billion for fiscal 2024.
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