January 31, 2018
What Housing Finance Reform May Look Like
Senate Staff Discussion Draft #29 of the much discussed housing finance reform bill has just seen light of day. The purpose clause of the draft gives an overview of what the drafters are trying to accomplish: to offer a … Continue reading
January 31, 2018 in Federal Housing Finance Agency | Permalink | No Comments
January 29, 2018
Bringing Housing Finance Reform over the Finish Line
The Milkin Institute have released Bringing Housing Finance Reform over the Finish Line. It opens, The housing finance reform debate has once again gained momentum with the goal of those involved to move forward with bipartisan legislation in 2018 that results … Continue reading
January 29, 2018 in Federal Housing Finance Agency | Permalink | No Comments
January 25, 2018
Credit Risk Transfer and Financial Crises
Susan Wachter posted Credit Risk Transfer, Informed Markets, and Securitization to SSRN. It opens, Across countries and over time, credit expansions have led to episodes of real estate booms and busts. Ten years ago, the Global Financial Crisis (GFC), the … Continue reading
January 25, 2018 in Federal Housing Finance Agency | Permalink | No Comments
January 18, 2018
The FHFA’s Take on Housing Finance Reform
Federal Housing Finance Agency Director Watt sent Federal Housing Finance Agency Perspectives on Housing Finance Reform to Senate Banking Chair Michael Crapo (R-ID) and Senator Sherrod Brown of Ohio, the top Democrat on that committee. There are no real surprises in … Continue reading
January 18, 2018 in Federal Housing Finance Agency | Permalink | No Comments
December 20, 2017
Are The Stars Aligning For Fannie And Freddie Reform?
Law360 published my op ed, Are The Stars Aligning For Fannie And Freddie Reform? It reads, There has been a lot of talk of the closed-door discussions in the Senate about a reform plan for Fannie Mae and Freddie Mac, the two mammoth housing … Continue reading
December 20, 2017 in Federal Housing Finance Agency | Permalink | No Comments
November 29, 2017
Another FHFA Win Against Shareholders
The U.S. Court of Appeals for the Sixth Circuit issued an opinion in Robinson v. FHFA et al. (No. 16-6680, Nov. 22, 2017) that is another win for the federal government in the fight with shareholders over Fannie and Freddie’s profits. … Continue reading
November 29, 2017 in Federal Housing Finance Agency | Permalink | No Comments
November 10, 2017
How Important Is Skin in The Game?
Haoyang Liu has posted a paper to SSRN that challenges the effectiveness of skin-in-the-game market discipline: Does Skin-in-the-Game Discipline Risk Management? Evidence from Mortgage Insurance. The abstract reads, Many mortgage reform proposals suggest replacing Fannie Mae and Freddie Mac (the GSEs) … Continue reading
November 10, 2017 in Federal Housing Finance Agency | Permalink | No Comments
