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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)

As GSEs, they were highly limited in their permitted activities but given a preferred market position, along with the subsidies and privileges needed to deliver a public policy benefit to the public. More political than commercial. This was all laid out by Congress in their charters (i.e. the legislation establishing them).

2008 78
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The White House’s Focus on Closing Costs: Long Overdue and Worth the Fight (Part 2)

The Stoop (NYU Furman Center)

The government agencies that dominate mortgage finance 16 currently require a credit report from each of the three major credit reporting bureaus, 17 known as a “tri-merge” report. 29 See HousingWire, April 7, 2020, “The fragmented voice of the appraisal industry.” 15 Credit reports. ” [link].

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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)

The FHFA, meanwhile, has stated that there is no intention to do such redistribution and that the changes resulted instead from updating the GSE risk adjustments, mostly set about a decade ago, to be consistent with the rule it adopted in 2020 for minimum required capital. A Long-term Increase in G-fees?