The Stoop (NYU Furman Center)

MARCH 4, 2024

Second, it’s unreasonable to assume the design could work effectively through many decades of often unpredictable changes in markets, legislation, and regulation. 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.

2008 80

2008 Legislation Housing 2004 80

The Stoop (NYU Furman Center)

SEPTEMBER 5, 2023

Under the pressure of the financial crisis, in mid-2008, the market began to lose confidence in the implied guarantee given its informal and unwritten nature. This included: Developing an updated capital requirement broadly consistent with post-2008 bank regulatory requirements. [9] government (i.e., trillion amount.

Legislation 103

Legislation 2008 2012 2019 103

The Stoop (NYU Furman Center)

NOVEMBER 7, 2022

Specifically, prices reached their pre-2008 peak in 2016 Q2 2 and then kept on rising at a strong pace 3 , with many analysts pointing to the shortage of new construction (both single and multi-family) as the major causal reason. percent range in the years prior to 2008, they now average around.50 After being in the 0.20

2007 52

2007 2009 2008 Housing 52

The Stoop (NYU Furman Center)

MARCH 10, 2023

2 In November of last year, the Federal Housing Finance Agency (FHFA), the regulator and conservator of the two companies, issued its annual report on their G-fees (the G-fee Report), covering calendar year 2021. 3 In that report, the FHFA disclosed that the average G-fee across all products was 0.46

2008 52

2008 2014 2019 Press Release 52

The Stoop (NYU Furman Center)

FEBRUARY 21, 2023

3] Focusing on owner-occupied housing, house prices have increased faster than wages from 2016 (when they reached their pre-2008 peak level) through early 2020, reducing affordability. By comparison, median household income was rising from 2016 through 2020 by only 2.6 Of the total of 6.7 million or 71% were owned, and 1.9

Housing 52

Housing 2020 Advocacy 2016 52

AWS Public Sector Blog

MARCH 13, 2024

The UMBS makes up 70 percent of the total MBS market in the US and was established in the wake of the 2008 financial crisis to provide stability, liquidity, and resiliency in the US housing market. CSS delivers an industry-critical function and is regulated by the Federal Housing Finance Agency (FHFA).

2013 65

2013 Housing Operations 2019 65