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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)

The core thesis of this two-part article is that the congressional design of GSEs has a fundamental flaw: that subsidies and privileges given to a GSE will inevitably, over time, drift to being used unduly to produce stand-alone profit to benefit their owners and executives, and too little to support its intended mission.

2008 59
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Updating the best practice elements of revitalization to include elements 7 and 8 | Transformational Projects Action Planning at a large scale

Rebuilding Place in Urban Space

From another NYT piece, " What We Learned From Bogotá’s Buses ," about the article: That’s a lesson I took away from my reporting. Another DC example is development on the site of the Takoma Metrorail station (" The Takoma Metro Development Proposal and its illustration of gaps in planning and participation processes ," 2014).

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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

percent) in 2014, after having been purposefully increased by the FHFA and the two GSEs in prior years. percent range since 2014, rather than being materially lower or higher, does not seem to be well understood in the industry or among policy specialists. percent to 0.49 percent to 0.49

2008 52
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Closing Cost Reform: Long Overdue and Worth the Fight (Part 1)

The Stoop (NYU Furman Center)

Part 1 of this article will address several questions to lay the groundwork for a broader discussion about closing and related transaction costs in Part 2. Insights from the NAR lawsuit and settlement In 2023, the NAR and certain large brokerages were sued in Missouri federal court via a private class-action lawsuit. Behind a paywall.)

Housing 59
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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. This claim is simply untrue.