Rebuilding Place in Urban Space

NOVEMBER 4, 2022

Sadly, wrt the Purple Line I first suggested this in 2007. I guess this presupposes that the agency is predisposed to act instead of sit around. Since the 2008 Recession, Wall Street venture capital firms have developed large portfolios of single family housing, converting the properties to rental from owner occupied.

Housing 52

Housing Development Community Development 2007 52

The Stoop (NYU Furman Center)

APRIL 29, 2024

5 This is because the government has put considerable time and resources into developing lower downpayment alternatives that are still of acceptable credit quality to the government agencies that provide most mortgage credit today. The 2007 GAO report indicates this has been the historic practice in the title insurance business.

Housing 52

Housing Regulations 2007 Article 52

The Stoop (NYU Furman Center)

MAY 31, 2023

This was described on the one hand as unfair, since it relied on overcharging low-risk borrowers “who had played by all the rules” and, on the other hand, as unduly incenting bad loans at the GSEs (by charging too little for high-risk loans) in a quasi-replay of the lead up to the mortgage bubble of 2005 to 2008.

Government 52

Government 2008 Housing Implementation 52