As the Federal Home Loan banks turn 90, we shouldn't mess with success
As the Federal Home Loan banks turn 90, we shouldn't mess with success
Calls for “reform” in times of high liquidity ignore the scalability of the system, and the need to have it around in times of trouble.
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Calls for “reform” in times of high liquidity ignore the scalability of the system, and the need to have it around in times of trouble.
Calls for “reform” in times of high liquidity ignore the scalability of the system, and the need to have it around in times of trouble.
WASHINGTON — The director of the Federal Housing Finance Agency said the agency would “reexamine” the structure and role of the Federal Home Loan banks in the U.S. housing market, the first possible steps of long-sought reform. Testifying during an oversight hearing of the House Financial Services Committee, FHFA Director Sandra L. Thompson told lawmakers in her opening remarks that the agency would soon begin a formal review of the Federal Home Loan Bank System. The government sponsor...
WASHINGTON — The director of the Federal Housing Finance Agency said the agency would “reexamine” the structure and role of the Federal Home Loan banks in the U.S. housing market, the first possible steps of long-sought reform. Testifying during an oversight hearing of the House Financial Services Committee, FHFA Director Sandra L. Thompson told lawmakers in her opening remarks that the agency would soon begin a formal review of the Federal Home Loan Bank System. The government sponsor...
The Council of Federal Home Loan banks has named Ryan Donovan as its next president and chief executive.The trade organization announced that Donovan, who joined the Credit Union National Association in 2007 as vice president of regulatory affairs and currently works as its executive vice president and chief advocacy officer, will begin his new roles on Sept. 6. He succeeds John von Seggern, who according to his LinkedIn profile had led the trade group since his appointment in January 1998 and ...
The Council of Federal Home Loan banks has named Ryan Donovan as its next president and chief executive.The trade organization announced that Donovan, who joined the Credit Union National Association in 2007 as vice president of regulatory affairs and currently works as its executive vice president and chief advocacy officer, will begin his new roles on Sept. 6. He succeeds John von Seggern, who according to his LinkedIn profile had led the trade group since his appointment in January 1998 and ...
About six months ago I co-wrote a Bank Think article stating that, in light of its declining fortunes and its failure to adapt to a changing marketplace, the mission of the Federal Home Loan Bank System ought to be reevaluated. I followed that up weeks later with an open letter to FHFA director-designate Sandra Thompson, who regulates the system.These articles led to a particularly useful meeting with Ms. Thompson and her senior staff on the topic. Later at a public event, Ms. Thompson commente...
About six months ago I co-wrote a Bank Think article stating that, in light of its declining fortunes and its failure to adapt to a changing marketplace, the mission of the Federal Home Loan Bank System ought to be reevaluated. I followed that up weeks later with an open letter to FHFA director-designate Sandra Thompson, who regulates the system.These articles led to a particularly useful meeting with Ms. Thompson and her senior staff on the topic. Later at a public event, Ms. Thompson commente...
The Federal Home Loan Bank System must do more to address the affordable housing crisis and should consider allowing nonbank mortgage lenders to become members, housing experts said Thursday at a listening session hosted by the Federal Housing Finance Agency. FHFA Director Sandra Thompson has initiated a comprehensive review of the system — the first in the Home Loan banks' 100-year history. But she cautioned that the FHFA remains in listening mode and plans to host regional roundtable discu...
The Federal Home Loan Bank System must do more to address the affordable housing crisis and should consider allowing nonbank mortgage lenders to become members, housing experts said Thursday at a listening session hosted by the Federal Housing Finance Agency. FHFA Director Sandra Thompson has initiated a comprehensive review of the system — the first in the Home Loan banks' 100-year history. But she cautioned that the FHFA remains in listening mode and plans to host regional roundtable discu...
Betsy DeVos, the Wicked Witch of the Midwest, was perhaps the most despised member of President Trump's cabinet. As Trump's Education Secretary, she coddled the for-profit college industry and (in my opinion) bungled the Public Service Loan Forgiveness (PSLF) program.Nevertheless, in a speech delivered in November 2018, DeVos revealed to the nation just how totally screwed up the federal student loan program really is. She deserves some credit for that.Here's what DeVos said:The federal gover...
Betsy DeVos, the Wicked Witch of the Midwest, was perhaps the most despised member of President Trump's cabinet. As Trump's Education Secretary, she coddled the for-profit college industry and (in my opinion) bungled the Public Service Loan Forgiveness (PSLF) program.Nevertheless, in a speech delivered in November 2018, DeVos revealed to the nation just how totally screwed up the federal student loan program really is. She deserves some credit for that.Here's what DeVos said:The federal gover...
Its that time of year again when Eric Goranson calls it Benny Hinn Day! It is time to fall back! Eric G and Caroline Blazovsky talk about that subject and then jump into a discussion with Blake Manley from Manley Jobs! Blake is a Sweet Home Oregon high school forestry and natural resources teacher. You might have seen him on Fox and Friends talking about his program of creating YouTube videos on jobs that kids in his area could do without taking on that huge debt of a college education. You wont...
Its that time of year again when Eric Goranson calls it Benny Hinn Day! It is time to fall back! Eric G and Caroline Blazovsky talk about that subject and then jump into a discussion with Blake Manley from Manley Jobs! Blake is a Sweet Home Oregon high school forestry and natural resources teacher. You might have seen him on Fox and Friends talking about his program of creating YouTube videos on jobs that kids in his area could do without taking on that huge debt of a college education. You wont...
The FHFA, which oversees the bulk of the mortgage market, now has a Senate-confirmed director: Sandra Thompson.
The post Sandra Thompson confirmed as FHFA director appeared first on HousingWire.
The FHFA, which oversees the bulk of the mortgage market, now has a Senate-confirmed director: Sandra Thompson.
The post Sandra Thompson confirmed as FHFA director appeared first on HousingWire.
The Tables Turn As Lowest-Priced Homes Attract The Strongest Competition
Home prices are at or near record highs, pushing buyers who remain in the market toward homes in the ... [+] lower end of the price range.
Newsday via Getty Images
Home prices are at or near record highs, pushing buyers who remain in the market toward homes in the ... [+] lower end of the price range. Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the stron...
The Tables Turn As Lowest-Priced Homes Attract The Strongest Competition
Home prices are at or near record highs, pushing buyers who remain in the market toward homes in the ... [+] lower end of the price range.
Newsday via Getty Images
Home prices are at or near record highs, pushing buyers who remain in the market toward homes in the ... [+] lower end of the price range. Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the stron...