Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 2 and the previous Part 1.] After two long posts focusing on outgoing Treasury Secretary Hank Paulson’s Remarks on the Role of GSEs in Supporting the Housing Recovery, we’ve seen that the Secretary: 1. Has concluded, with audible reluctance, that privately-run GSEs are likely essential. 2. Correctly restates the [...]
[Continued from yesterday's Part 1.] Yesterday we saw from outgoing Treasury Secretary Hank Paulson’s Remarks on the Role of GSEs in Supporting the Housing Recovery, that no matter how much he worries about their existence, he has (correctly, I think) concluded the GSEs play an essential role in creating omnipresent secondary-market liquidity, and in [...]
“I would, but I need the loans” Guy goes to a psychiatrist and says, “Doc, uh, my brother’s crazy; he thinks he’s a chicken.” And the doctor says, “Well, why don’t you turn him in?” “I would, but I need the eggs.” Woody Allen, Annie Hall That, in a nutshell, represents the views [...]
Hindsight always makes things clear. Why didn’t I see that before? With the GSEs having been placed in conservatorship – a state akin to a bank seizure to protect the depositors – a few things are clear: Given that Treasury decided it had to do this, it’s almost certainly the right [...]
[Continued from yesterday's Part 2 and the previous Part 1.] While the main consequences of HR 3221, the great big deal known as the Housing and Economic Recovery Act (HERA) of 2008 (this Reuters summary is as good as any), are the financial and regulatory coup that completes a fundamental revolution within the financial [...]
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