(Ep 5) Exploring Federal Home Loan Banks' Role in Housing Market Stability
Impact Capitol's Real Talk
Join Tim Rood as he leads an insightful conversation with Ryan Donovan, President of the Council of Federal Home Loan Banks, and his knowledgeable colleagues, Alfred Pollard and Eric Blankenstein. In this episode, the panel delves into the evolving dynamics of the Federal Home Loan Bank System amidst ongoing housing market reforms and challenges. Donovan provides a deep dive into the core mission of the Home Loan Banks - furnishing liquidity to community lenders and fueling affordable housing and community development across the United States. Amidst the backdrop of housing finance reforms,...
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(Ep 4) The Administrations Housing Agenda: Challenges and Political Implications Explored
Impact Capitol's Real Talk
Join host Tim Rood, CEO of Impact Capital, and his distinguished guests Jim Parrott, Alfred Pollard, and Eric Blankenstein, as they delve into the volatile and dynamic landscape of U.S. housing finance under the new administration. In this episode of the Real Talk Podcast, they explore topics ranging from GSE reform and fiscal policy strategies to the restructuring efforts of federal agencies. As the political climate continues to evolve, they provide expert predictions on the future for the housing market and financial regulations. The episode starts with an analysis of the post-election...
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(Ep 3) Will GSE Reform Happen or Not?
Impact Capitol's Real Talk
Impact Capital's Real Talk, host Tim Rood engages with esteemed guests Mark Calabria, Eric Blankenstein, and Alfred Pollard to delve into intricate discussions around the future of GSE reform and the consequential impacts of new housing policy under a potential administration shift. With their expert lenses, the speakers critique current regulatory architectures and explore the balance between agency independence and governmental oversight, addressing the roles that major players like FHFA and CFPB will occupy in reshaping the housing finance landscape. Listen to the people who had their hands...
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(Ep 2) Navigating DC's Impact on Housing During Presidential Transition
Impact Capitol's Real Talk
In this episode of Impact Capital's Real Talk, hosted by Tim Rood, the panel dives deep into the mechanics and impacts of a U.S. presidential transition on housing policy and financial regulation. With contributions from experts, including Alfred Pollard, Eric Blankenstein and Gerron Levi, the discussion explores the intricacies of administrative shifts, the role of transition teams, and how political changes can shape the landscape of mortgage and housing sectors. Throughout the episode, the conversation touches on critical themes such as the implications of midnight rulemaking,...
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(Ep 1) Housing Policies and Politics: What a New Administration Means for You
Impact Capitol's Real Talk
Tim Rood, founder and CEO of Impact Capitol, moderates a crucial discussion on the impact of presidential transitions on real estate and mortgage markets. Joined by experts Alfred Pollard, Eric Blankenstein, and Jim Parrott, the panel explores potential policy shifts under a new administration, focusing on GSE reform, housing supply, and regulatory strategies. They delve into the roles of federal agencies like the FHFA and CFPB, examining personnel changes and legislative influences. The conversation highlights the interplay between regulation, market dynamics, and political priorities,...
info_outlineImpact Capital's Real Talk, host Tim Rood engages with esteemed guests Mark Calabria, Eric Blankenstein, and Alfred Pollard to delve into intricate discussions around the future of GSE reform and the consequential impacts of new housing policy under a potential administration shift. With their expert lenses, the speakers critique current regulatory architectures and explore the balance between agency independence and governmental oversight, addressing the roles that major players like FHFA and CFPB will occupy in reshaping the housing finance landscape. Listen to the people who had their hands on the joystick last time, and maybe again this time.
About the Guests:
Mark Calabria
Mark Calabria is a renowned economist and former Director of the Federal Housing Finance Agency (FHFA) under President Donald Trump. With a career spanning interactions at the highest levels of economic policy, he has advised the Cato Institute and worked as the Chief Economist for Vice President Mike Pence. Known for his role in crafting the HERA legislation that empowered the FHFA to place government-sponsored enterprises (GSEs) into conservatorship, Calabria's insights are pivotal in navigating housing finance and economic policy.
Eric Blankenstein
Eric Blankenstein is a former head of supervision and enforcement at the Consumer Financial Protection Bureau (CFPB). As an accomplished lawyer, he has vast experience in policy enforcement and regulatory oversight, contributing significantly to the legal landscape in his field. Blankenstein continues to provide strategic guidance and legal expertise to firms navigating complex financial regulations.
Alfred Pollard
Alfred Pollard served as the General Counsel of the FHFA and has established a formidable reputation as an expert in housing finance law. With an authoritative voice on legal compliance and a published author, Pollard’s influence extends into policy formulation and implementation affecting national housing finance.
Key Takeaways:
- Mark Calabria asserts that the exit of GSEs from conservatorship does not equate to reform; substantial congressional intervention is necessary.
- Eric Blankenstein highlights the perils of regulation by enforcement, advocating for clearer rulemaking to mitigate compliance uncertainties.
- Alfred Pollard emphasizes using existing statutes to guide and constrain the activities of FHFA, advocating a focus on prudential regulation.
- The discussion reflects concerns over the Biden administration's handling of treasury roles and housing policy, calling attention to their potential impacts on housing affordability.
- Rising inflation and mortgage interest rates are identified as critical factors influencing future policy adjustments and market stability.