Volume 2014 - Number 34
September 12, 2014
DeMarco Cites ‘Structural Improvements’ in Housing Six Years After GSE Conservatorship, More Needed
Six years after the government takeover of Fannie Mae and Freddie Mac, the former regulator of the government-sponsored enterprises noted that the housing finance system has made “significant progress.” But even as critical structural changes are underway, comprehensive improvement is still several years out. In a policy paper issued last week, Edward DeMarco – new senior fellow-in-residence for the Milken Institute’s Center for Financial Markets – said that house prices, as measured by the Federal Housing Finance Agency, have recovered more than 50 percent since their decline in 2007. “While the damage from the housing crisis has been substantial, we are finally seeing...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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