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A More Promising Road to GSE Reform

We are nearly seven years into recovery from a once-in-a-lifetime financial crisis, triggered by widespread failure across virtually every aspect of our housing finance system. While much work has been done to address the flaws of this critical part of … Continue reading

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U.S. Macro Outlook: Hanging Tough

U.S. employment has grown faster than expected given the restraint from federal fiscal policy. Real GDP growth has slowed nevertheless, likely ending the second quarter below 2% annualized. Improved consumers confidence shows in rebounding vehicle and house sales. Markets are … Continue reading

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Evaluating the Corker-Warner Bill

Housing finance reform received an important boost last month with the introduction in Congress of the Housing Finance Reform and Taxpayer Protection Act of 2013.1 The bipartisan legislation, written by Senators Bob Corker (R-TN) and Mark Warner (D-VA), represents a … Continue reading

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U.S. Macro Outlook: Curb Your Enthusiasm

The U.S. economy is holding up well despite mounting fiscal headwinds, at least so far. Real GDP growth in the first quarter is tracking close to 2%, about average since the recovery began nearly four years ago. Consumers seem unfazed … Continue reading

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