Transfer to medical school...

Over 14 years.

Thanks! Sounds like another area that could use reform, then. Given your position, I’d implore you to read Desmond’s book if you haven’t.

Thanks for the reply, Cornelius!

AHP is set by statute at 10% of net income. It should increase in '23 but still be a small fraction of the FHLBs' taxpayer subsidy.

How long were you an independent director of the Federal Home Loan Bank of Boston?

FHLBs do not underwrite mortgages. They take them as collateral.

They are largely irrelevant today and yes, yes, yes on more affordable housing!

Limited experience with vouchers. The application process is cumbersome and works against the applicant and is a turn-off for many landlords.

How relevant are the FHLBs today? Should the FHLBs be required to do more to support affordable housing?

Hi Cornelius, quick question about the eligibility criteria. Does FHLB assess the underlying mortgages that members are funding? I believe a similar program in Canada exists (NHA MBS/CMB program) however there are very stringent requirements on what can and cannot be funded.

Any advice for law students in their first year?

[deleted]

Feet on the ground is a good start...

Having read “Evicted” this year by Matthew Desmond, I’m curious to know how you feel about housing vouchers and their application? Or do you think a different strategy would be more suitable?

Hi What is you favorite way to start your day?

Question to ask more: How many years am I going to own the home.

Question to ask less: None...ask as many questions as you can.

Thank you for taking the time.

Thanks! Just curious. I have a longer name myself and can never get anyone to use the whole thing.

Not an economist but I'd be surprised if the current trend of declining home prices does not continue for several quarters especially with the Fed continuing to raise rates.

As for limiting bulk purchases, I do not see this in the future. Too disruptive to market forces.

I go by "Con" but "Mush4brains" works too...

What question do you think new home owners should ask more often and what question do you think people should ask less?

He’s a banker. He goes by Cornelius

In your opinion, could the government ever in the future step in and limit the mass purchase of residential homes? Also, do you feel like we will see a sharp decline in home prices in the next year or two? I have a young family and am hoping to see some better opportunities than what is available.

Do you go by Cornelius or do you use a nickname?