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Principal Write Down

DeMarco Needs to Get to Work or Get a New Job

Mary Jo Kilroy | Posted 05.29.2012 | Business
Mary Jo Kilroy

The Federal Housing Finance Agency needs to stop being an obstacle and instead empower Fannie Mae and Freddie Mac to take reasonable measures to rewrite underwater mortgages, including principal reductions.

The White House and Your House: Policy Inertia and Organizational Resistance in the On-going Crisis of American Housing

David Coates | Posted 05.26.2012 | Business
David Coates

In 2008-9, major banks in trouble were bailed out by American homeowners as taxpayers; but in 2012 American homeowners in trouble are not being bailed out by those same banks to anything like the same degree.