On the housing front, the good news is that the president wants Mel Watt to head the FHFA. The really bad news is that the problems in the U.S. housing system are currently so entrenched that, even if he is confirmed, Mel Watt will be hard-pressed to resolve them.
BOSTON -- The White House, long bedeviled by shortcomings in its housing programs, received two boosts Wednesday when its pick to lead a key housing a...
BOSTON -- President Barack Obama will nominate Mel Watt, a longtime Democratic congressman from North Carolina, to oversee government-controlled mortg...
Fannie Mae, Freddie Mac and the federal agency that oversees them all are failing in their responsibility to protect homeowners from abusive bank prac...
NEW YORK -- For more than five years, many homeowners who complained about mortgage industry foreclosure abuses have wondered whether anyone with a fi...
President Barack Obama secured reelection while managing to talk around one area of economic policy in which experts frequently charge him with failur...
When the Federal Reserve vowed last week to buy up $40 billion worth of home loans each month for the indefinite future, the hope was to finally stimu...
SAN BERNARDINO, Calif. -- This old railroad town in the heart of the Southern California foreclosure belt doesn't attract many visitors these days, es...
This guy, Edward DeMarco, the acting head of the Federal Housing Finance Agency, is deliberately damaging America -- promoting foreclosures, high unemployment and excessive taxes. He has got to go.
With an estimated $2.5 billion bankroll by the time this presidential election is said and done, you'd think pretty much every important issue would get its place in the sun. Well, as it turns out, you don't always get what you pay for.
Have a solution to the housing crisis? A California county that touched off a fierce debate over whether local governments should condemn underwater m...
The time has long since arrived for Edward J. DeMarco to pursue his other opportunities in the private sector, whatever they may be.
DeMarco, you may...
Acting Federal Housing Finance Agency (FHFA) Director Ed DeMarco has not been shy about letting underwater homeowners sink. This week, he made it painfully clear that despite the Administration calling for principal reduction, he would have no part of it.
President Obama can make the moral case for America's homeowners in a clear, strong voice. So far he hasn't done that -- partly because some key members of his team buy into the unfair notion that underwater homeowners, unlike Wall Street bankers, don't deserve to be helped.
Fannie Mae and Freddie Mac failed to keep tabs on thousands of contractors hired to manage more than 1 million foreclosed homes, possibly exposing the...
The Federal Housing Finance Agency is well on its way to a remarkable achievement: proving less popular, among housing groups, than even the banks who...
The rest of the country is inching forward on tangible progress, but Edward DeMarco could do more than anyone. The need is as urgent now as it ever was.
WASHINGTON -- Democrats on the House Oversight Committee on Tuesday accused the head of the Federal Housing Finance Agency -- who has refused to follo...