GSE legislation takes effect

Article Abstract:

The 1992 Federal Housing Enterprises Financial Safety and Soundness Act mandates three capital standards for government-sponsored enterprises. One is a risk-based standard that pegs the capital requirement to the worst-case mortgage default losses experienced in the US. The minimum capital prerequisite, meanwhile, stipulates the maintenanceof capital beyond 2.50% of its assets listed in its balance sheet and 0.45% of its mortgage-backed securities and other financial instruments. Another capitalstandard sets both figures at 1.25% and 0.25%, respectively.

Federal & fed.-sponsored credit, United States, Laws, regulations and rules, Finance, Government business enterprises, Public enterprises

---

House prices fell nationally in the first quarter of 1993 at an average annual rate of 2.1 percent

Article Abstract:

US house prices declined at a 2.1% average annual rate in the 1st qtr 1993 but remained flat in the South region. Prices had increased by 2.1% for 1992 and 1.2% from the 1st qtr 1992 to the 1st qtr 1993, but declined by 3.9% in the West, 3.1% in the Northeast, and 2.5% in the Midwest. The decreases probably reflect an adjustment following strong increases in the 4th qtr 1992. Texas led the way in the South at annual increase rates of 3.0% in 1992 and 6.1% in the 1st qtr 1993. Austin, TX, outperformed other cities in both employment and house prices.

Mortgage bankers and correspondents, Housing programs, Housing, Statistics, United States economic conditions, House buying, Home buying, Regional disparities (Economics)

---

Similar abstracts:

• Abstracts: Strategic vision or strategic con?: rhetoric or reality? The two-tier system of corporate governance
• Abstracts: The postsocialist transition and the state: reflections in the light of Hungarian fiscal problems. Economic policy, economic performance, and elections
• Abstracts: Investment in salvage equipment. Do some firms rely on the owners' preferences instead of sunk investments to guarantee performance?
• Abstracts: Valuation uncertainty, institutional involvement, and the underpricing of IPOs: the case of REITs. Initial public offerings of equity securities: anomalous evidence using REITs
• Abstracts: When risk generates chaos. Systemic risk on the interbank market. A note on the Tullock dissipation rate

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.