Category: Regulation and Reform

Bureaucracy: the secret imperatives

18 June, 2007 (09:08) | Essential posts, Regulation and Reform | No comments

Anyone who works in affordable housing finance periodically encounters the dreaded bureaucracy, whose secrets are forbidden for outsiders to know.

 

And they’re not all that’s secret
 
Since affordability implies financial complexity because of the cost-value gap, most but not all of these bureaucracies are governmental.  People never exposed to such entities often find themselves groping for light […]

The rumble of distant thunder

16 November, 2005 (10:40) | GSEs, Regulation and Reform |

After a very quiet fall for Fannie Mae, a recent Washington Post article reported a sound of distant thunder:
 
Fannie Mae Finds More Errors, Names New CFO
 
Fannie Mae yesterday disclosed additional accounting errors, adding to the list of problems the mortgage finance company must sort through as it tries to untangle a nearly $11 billion financial […]