Feeds:
Posts
Comments

Posts Tagged ‘GSE’

Today was a big one for housing finance. Treasury kicked things off with its much awaited report to Congress on “Reforming America’s Housing Finance Market.” And then the Brookings Institution hosted a full day conference on “Reforming the U.S. Mortgage Market.“ Both Treasury’s report and the conference showed that there’s still important debate about the [...]

Read Full Post »

Yesterday, the Congressional Budget Office released its long-awaited report on the future of Fannie Mae and Freddie Mac. Fannie Mae, Freddie Mac, and the Federal Role in the Secondary Mortgage Market (written by Deborah Lucas and David Torregrosa, with input from a cast of dozens — including, full disclosure, me as an outside reviewer) provides an [...]

Read Full Post »

The Economist asked several experts to recommend options for resolving Fannie Mae and Freddie Mac, the two failed mortgage giants. In addition to comments, the magazine’s web site allows users to recommend responses they like. It’s hardly scientific, but since the rankings (as of 9:15pm eastern time) work to my favor, let me rank them [...]

Read Full Post »

Updates on some previous posts: Some broadcasters are filtering the dreaded vuvuzela. More home filtering advice for the vuvuzela (ht: Alex and Jeff) Yankee fan gets booted for blowing his vuvu (money quote: “I have been tossed from [Yankee Stadium] hundreds of times. Many times I even deserved it. … But this was ridiculous.” Afghanistan’s [...]

Read Full Post »

Sunday’s Washington Post has an encouraging editorial about the Fannie Mae and Freddie Mac reform proposal that Phill Swagel and I recently put forward. An excerpt: [Their plan would] abolish the most toxic features of the old “government-sponsored enterprise” model. In particular, the plan would get Fannie and Freddie out of the business of directly [...]

Read Full Post »

The past few years have demonstrated that Fannie Mae and Freddie Mac, the two mortgage giants, were built on a flawed business model. One that paired private profit in good times with taxpayer burdens in bad times; created systemic risks to the world financial system; concealed the degree of federal involvement in mortgage markets; and [...]

Read Full Post »

The Budget Deficit Keeps Rising

The federal government racked up a $389 billion deficit during the first three months of the fiscal year (October through December), according to estimates released by the Congressional Budget Office yesterday. That’s $56 billion more than during the first quarter of last year, almost a 17% increase. (A portion of that increase is due to [...]

Read Full Post »

A few days ago, CBO released its latest snapshot on the federal budget, documenting the remarkable challenges of fiscal 2009, which ended on September 30. The key phrase in the report is “in over 50 years” as in: At $1.4 trillion, the budget deficit was 9.9% of gross domestic product, the largest, relative to the economy, [...]

Read Full Post »

Earlier today, CBO released its latest monthly snapshot on the federal budget. The key things you should know are: CBO estimates that the government ran a deficit of almost $1.4 trillion during the first eleven months of the fiscal year (up from $501 billion at this point last year). CBO reiterated its forecast that the [...]

Read Full Post »

As expected, the new budget projections from the Office of Management and Budget show an estimated deficit of $1.58 trillion in the current year (which ends on September 30). In their coverage of the dueling budget releases, many members of the media are noting that this estimate is almost identical to the $1.59 trillion estimate [...]

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 30 other followers