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Future Homebuyer Pockets Picked By Washington Lawmakers

Garrick T. Davis | Posted 10.15.2014 | Politics
Garrick T. Davis

The homebuyer of tomorrow should not be asked to pay for the fleeting temporary tax reduction and unemployment benefit extension of yesterday.

FHFA Report a Waste of Taxpayer Time and Money

Garrick T. Davis | Posted 10.27.2014 | HuffPost Home
Garrick T. Davis

Released in July 2014, FHFA Brief 14-02, '"First Time Homebuyer Share and House Price Growth", arrives at a statistically supported conclusion that is at the very least predictable, if not painfully obvious.

Goldman Sachs Close To $1.1 Billion Fine Over Sketchy Mortgages

Reuters | Posted 08.22.2014 | Business

Aug 22 (Reuters) - Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mort...

Has Anyone Heard of the Uniform Law Commission?

Joel Sucher | Posted 09.08.2014 | Politics
Joel Sucher

I doubt many American know anything about this group composed mainly of business and real estate lawyers and now engaged in drafting something called the Home Foreclosure Procedures Act.

The U.S. Treasury Stealing From Fannie and Freddie Shareholders

Ken Blackwell | Posted 08.05.2014 | Politics
Ken Blackwell

As voices across the ideological spectrum have come to recognize the need for serious reform of our housing finance system with a greater role for private capital, the nation's top housing regulator made an unfortunate revelation.

This Government Database Could Know Almost Everything About You

Adam Levin | Posted 08.05.2014 | Politics
Adam Levin

Millions of Americans may soon become part of an expanded government database that would give two federal regulatory agencies an up-close and personal view of their private financial lives that, if breached, could make for a really bad day for a whole lot of people.

Mel Watt Lights Up the Real Estate Industry

D. Sidney Potter | Posted 07.17.2014 | Business
D. Sidney Potter

For those in the real estate finance and home building industry, the coming of Mel Watt as the newly inducted Director of the Federal Housing Finance Agency could not have come at a more propitious time.

Mark Gongloff

The Government Just Made It Easier To Buy A Home

HuffingtonPost.com | Mark Gongloff | Posted 05.23.2014 | Business

The U.S. government is about to make it easier for you to get a mortgage. Mel Watt, the new head of the Federal Housing Finance Agency, the regulat...

Housing Reform Should Create Wealth

Eva M. Clayton | Posted 06.29.2014 | Politics
Eva M. Clayton

Being a champion of homeownership or affordable housing options is not risky policy, it is essential to growing wealth. Unfortunately, as pointed out by many civil rights organizations, there are provisions of the Johnson-Crapo discussion draft that will only exacerbate the current disparities in homeownership rates.

Bank Of America's Huge Legal Bill Cuts Into Profit

Reuters | Posted 06.16.2014 | Business

April 16 (Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a...

Bank Of America To Pay Huge Settlement

AP | By The Associated Press | Posted 05.27.2014 | Business

Bank of America will spend $9.33 billion to resolve a dispute over mortgage securities with the Federal Housing Finance Agency, the regulator that ove...

Ben Hallman

Housing Watchdog Slams Massive Property Inspection Industry

HuffingtonPost.com | Ben Hallman | Posted 03.25.2014 | Business

The inspectors who decide whether homes have been abandoned and are ready for foreclosure are doing such a terrible job that the whole system requires...

So Fannie and Freddie Weren't the Problem...

Harlan Green | Posted 05.21.2014 | Business
Harlan Green

We are learning just how much mortgage fraud was committed by 18 national and international banks and other financial entities that the Federal Housin...

Dems Use New Rules To Clear Way For Obama Nominee

AP | Posted 12.10.2013 | Politics

WASHINGTON (AP) — Democrats have used the Senate's newly eased filibuster procedures to clear the way for confirmation of the man President Barack O...

Shutdown Redux

George Goehl | Posted 01.23.2014 | Politics
George Goehl

As Republicans continue to block highly qualified nominees like Rep. Watt from receiving an up-or-down vote, Senator Reid must make good on his threat to change the Senate rules.

We Lost Our House, the Economy Crashed, and You Made a Fortune. How Much Do We Owe You?

Francisco Enriquez | Posted 01.23.2014 | Politics
Francisco Enriquez

The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

JPMorgan's $5 Billion Mortgage Deal Is Just The Beginning

AP | KEN SWEET and MARCY GORDON | Posted 10.26.2013 | Business

WASHINGTON -- WASHINGTON (AP) — The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it so...

JPMorgan Reaches $5.1 Billion Mortgage Deal With FHFA

Posted 10.25.2013 | Business

JPMorgan Chase, the country's biggest bank by assets, has reached a $5.1 billion settlement with the Federal Housing Finance Agency over alleged viola...

Bank Of America Faces Huge Fine

Reuters | Posted 10.22.2013 | Business

(Reuters) - U.S. housing regulators are looking to fine Bank of America more than $6 billion for its role in misleading mortgage agencies during the h...

Struggling Chicago-area Homeowners Still Need Help, Despite Some Positive Signs

Dory Rand | Posted 10.16.2013 | Chicago
Dory Rand

It's too soon to break out the champagne. It seems unlikely that the foreclosure crisis over when more than a third of Chicago region homes are underwater and unemployment remains persistently high.

FHFA's Ed DeMarco: Kissing the Ass of the Banking Class

Peter Dreier | Posted 10.08.2013 | Politics
Peter Dreier

President Obama has already fired Ed DeMarco, acting director of the Federal Housing Finance Agency (FHFA), but before he leaves DeMarco is handing an early Christmas present to his friends in the banking industry.

My Meeting With the FHFA

Brian Penny | Posted 10.05.2013 | Business
Brian Penny

Three years ago, I would've given anything for someone in the media or government to listen to me. I figured out how the banks were fixing the system ...

Hey Congress: No Vacation Until You Stand Up for Homeowners and Confirm Rep. Mel Watt

Tracy Van Slyke | Posted 09.29.2013 | Politics
Tracy Van Slyke

While Congress takes a vacation in August, tens of millions of homeowners will spend day and night worrying about how to keep their home, pay their mortgage and continue to struggle to make ends meet.

Will Senator Kirk Stand With Illinois Consumers?

Dory Rand | Posted 09.14.2013 | Chicago
Dory Rand

Senator Kirk voted against allowing a floor vote on Cordray and signed a letter with 42 Republicans vowing to block any nominee, no matter how qualified, unless the CFPB is substantially weakened. That isn't right.