The apocalypse foreseen by Hensarling and others is not inevitable. If the goal is to preserve affordable home ownership and rental housing access, the best course of action would be to end of the conservatorship, lock in significant reforms implemented under Watt, and suspend the Net Worth Sweep. Hensarling is correct. The Housing and Economic Recovery Act gives FHFA ample authority to do just that. In doing so, FHFA might actually hew fairly closely to Mnuchin’s “starting points” for GSE reform – protecting taxpayers, preserving the 30-year mortgage, and maintaining affordable housing access.
The LF Brook Absolute Return Fund lost -2.52% in the second quarter of 2021, compared to a positive performance of 7.59% for its benchmark, the MSCI Daily TR Net World Index. Year-to-date the fund has returned 4.6% compared to 11.9% for its benchmark. Q2 2021 hedge fund letters, conferences and more According to a copy Read More