Richard Koss is an economic and real estate consultant and Adjunct Professor at the Carey School of Business at Johns Hopkins University. From 2015-2017 he was Visiting Scholar in the Research Department at the IMF, and Director of the Global Housing Watch. Previously, he was the Director of Economics with the Economic and Strategic Research Group at Fannie Mae and their key spokesperson on the global business and economic environment. Prior to joining Fannie Mae, Koss spent over 20 years in senior positions on Wall Street. Prior positions include Senior Advisor to the General Motors financial staffs and Staff Economist at the Council of Economic Advisers under Chairman Alan Greenspan. Koss is the past Chairman of the Conference of Business Economists, a member of the Economic Club of New York and a member of the Affordable Housing Working Group of the World Economic Forum.
Recently, FHFA posted a Request for Input asking for opinions concerning options for changing the delivery of credit scores to the GSEs, underwriters and investors. FHFA is considering various options to change the current system. Any such choice, in the end, is the outcome of a detailed cost-benefit analysis, but while FHFA acknowledges this, they fall short of providing the necessary framework for reaching an informed conclusion.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.