The Center for Social Development at Washington University in St. Louis (CSD) and the New America Foundation have released the four reports that comprise their series “Creating a Financial Stake in College.” Together, these reports outline the vital role of children’s savings in achieving college success. They will also provide a foundation for the March 2012 Assets and Education Research Symposium, where leading scholars will present new research on assets and education, review and critique the research to date, and guide future efforts in the field. The reports are available at https://csd.wustl.edu/Search/pages/results.aspx?k=Creating a Financial Stake in College.
The Board has released a white paper on the current condition of the U.S. housing market. It provides a framework for thinking about some of the key housing policy issues and discusses some of the trade-offs that policymakers might consider. Some of the topics covered include the challenges posed by REO properties, the possibility of using some REO properties for rental, and the use of land banks for the disposition of low-value REO properties, among others. To read the report, go to www.federalreserve.gov/publications/other-reports/files/housing-white-paper-20120104.pdf.