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In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac.In 1992, in the wake of the savings and loan crisis, and over concern that similar lending problems would develop, the Office of Federal Housing Enterprise Oversight was created as part of the Department of Housing and Urban ...
Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on the motivations of the nationalizing party.
A proposed change by the Federal Housing Finance Agency (FHFA) regarding the mortgage application process could have unintended consequences for potential homebuyers while doing little to move the ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
"Housing is one of the markets that has a lot of different actors involved," Jung Hyun Choi, a researcher at the Urban Institute's Housing Finance Policy Center, told Business Insider.
The debate over economic policy has taken a predictable turn, and it's going to be a lamentable one, New York Times (NYT) columnist and Noble Prize-winning economist Paul Krugman says, if we ...
Housing price appreciation in selected countries, 2002–2008. The nature of the housing bubble in both the U.S. and Europe indicates U.S. housing policies were not a primary cause. [1] Deregulation, excess regulation, and failed regulation by the federal government have all been blamed for the subprime mortgage crisis in the United States. [7]
Japan's housing industry is facing the reality that it is possible to have "too much of a good thing." That's because while America's real estate industry is wrestling with a lack of availability ...
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