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.
Most of the time, it's easy to spot trends within hedge funds' quarterly 13F filings, but things were different in the third quarter. One of the easiest trends to spot has been tech stocks, but this time around, there was relatively little movement in tech names. Rising And Falling Stars In Tech Of course, that Read More