What is the impact of the sharing economy, pioneered by companies such as Airbnb, on the housing market? In this paper, Sophie Calder-Wang estimates the welfare and…
The Federal Housing Finance Agency (FHFA) on February 16 released its 2021 Scorecard for the government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. The scorecard…
Why do national trends in house prices spread more to some cities than to others? This paper proposes an explanation of house price contagion based on migration spillovers…
The Federal Housing Finance Agency (FHFA) recently announced and is seeking public comment on a proposed “living will” rule to apply to the two government-sponsored…
The GSE reform question, i.e. how should the government-sponsored enterprises of Fannie Mae and Freddie Mac end their conservatorships, has proven to be one of the most…
The two government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae have just entered into their thirteenth year of conservatorship, despite its originally having been…
Today, more than twelve years into conservatorship, the path forward for the reform of Freddie Mac and Fannie Mae, the two government-sponsored enterprises (GSEs), is in some…
The Financial Stability Oversight Council (FSOC) announced in mid-July it would at last do a review of the secondary mortgage market. For many decades, housing finance policy…
The Federal Home Loan Bank (FHLB) system consists of eleven regional banks that are cooperatives owned by their members, which their congressional charters currently specify…
This third installment about demystifying single-family mortgage credit risk transfer (CRT) by the government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae…