iOS app Android app

Freddie Mac

Needed: Housing Reform That Protects Property Rights

Ken Blackwell | Posted 08.04.2014 | Politics
Ken Blackwell

A monumental opportunity has presented itself as Julian Castro, former mayor of San Antonio, takes over as the new Secretary of Housing and Urban Development and Congress looks ahead on the critical issue of housing finance reform.

Zach Carter

Why Barney Frank Thinks Democrats Will Wrest Corporate America From The GOP

HuffingtonPost.com | Zach Carter | Posted 08.03.2014 | Politics

WASHINGTON -- Congressional battles over the Export-Import Bank and terrorism insurance are an opportunity for Democrats to win back corporate elites ...

Zach Carter

Warren's Mortgage Reforms Divide Progressives

HuffingtonPost.com | Zach Carter | Posted 07.14.2014 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) is dividing Wall Street critics in Congress by leading talks regarding a controversial Fannie Mae and Fr...

Has Anyone Heard of the Uniform Law Commission?

Joel Sucher | Posted 07.14.2014 | 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.

Big Press on Bank of America Treatment of Whistleblower Michael Winston -- But, You'll Have to Read German!

Jerry Ashton | Posted 07.08.2014 | Business
Jerry Ashton

Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.

The Case for Restoring the 97% LTV Mortgage at Fannie Mae and Freddie Mac

Tino Diaz | Posted 07.02.2014 | Politics
Tino Diaz

Keep in mind, Fannie Mae and Freddie Mac already purchase 97% LTV mortgages from state housing finance agencies throughout America. Why not reinstate this policy to help restore sustainable homeownership for responsible everyday borrowers while also helping to jumpstart America's economy?

Send In the Clowns

D. Sidney Potter | Posted 08.03.2014 | Business
D. Sidney Potter

Since time memorial, man has been motivated by an easy buck and short skirts. The recent frenzy of mortgage lenders to repeat the mistakes of history may be upon us again, as some lenders are experiencing 'greed creep' all over again.

Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?

Peter Dreier | Posted 07.21.2014 | Politics
Peter Dreier

The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.

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.

Housing Finance Reform Should Now Focus on Fixing and Preserving Fannie Mae and Freddie Mac

John Taylor | Posted 07.19.2014 | Politics
John Taylor

Fannie Mae and Freddie Mac need to be regulated properly, they need to be required to maintain sufficient capital reserves, and they need to be operated transparently. But given the current legislation, eliminating them would be reckless and foolish.

Giving the Hen House to the Fox

Karen Hinton | Posted 07.16.2014 | Business
Karen Hinton

Some in Congress and in the administration want to do away with Fannie and Freddie and hand over their portfolio to the private banking industry, but without the previous requirements that banks do a certain amount of business with low-to-moderate income individuals.

White House: Senate Panel's Housing Vote 'Marks Important Progress'

AP | Posted 07.15.2014 | Politics

WASHINGTON (AP) — The White House welcomed bipartisan legislation to overhaul the nation's mortgage financing system that cleared a crucial Senate h...

Senate Panel Passes Bill To Wind Down Fannie Mae, Freddie Mac

Reuters | Posted 07.15.2014 | Politics

By Margaret Chadbourn WASHINGTON, May 15 (Reuters) - A Senate panel on Thursday approved legislation to wind down Fannie Mae and Fred...

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...

What Is Mel Watt Waiting For?

Peter Dreier | Posted 07.13.2014 | Business
Peter Dreier

Some pundits and politicians claim that America's housing market is now recovering from plummeting home prices and a years-long lull in new construction. But the so-called recovery is very uneven.

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.

Why Conforming Loan Limits Should Be Part of Housing-Finance Reform -- But Aren't

Jed Kolko | Posted 06.29.2014 | Business
Jed Kolko

The housing finance system -- as well as other national housing policies -- needs to serve a country where local home prices in some markets are 10 times as high as in others, and where local and state laws affect how much new construction is allowed, how long foreclosures take, and more.

What Problem Is Privatizing Fannie and Freddie Meant to Solve?

Dean Baker | Posted 06.28.2014 | Business
Dean Baker

At the moment, it seems Fannie Mae and Freddie Mac are doing their job just fine. They are issuing mortgage-backed securities (MBS) that include more than 60 percent of new mortgages. Interest rates on mortgages are low and both companies are making substantial profits that are refunded to the government. Why is there any need to overhaul this system? The financial industry is of course unhappy with this situation. It sees the money being earned by Fannie Mae and Freddie Mac as money that could be going into its pockets. Of course, there is nothing that prevents Goldman Sachs, Citigroup, and the rest from going out and issuing their own MBS right now. The problem is that they have a really awful track record. Remember the financial crisis? And of course it is especially hard for them to compete with two relatively efficient government-run issuers like Fannie and Freddie.

Johnson-Crapo Housing Reform Guided by Weapons of Mass Deception About Affordable Housing Goals

Marc H. Morial | Posted 06.24.2014 | Politics
Marc H. Morial

Instead of expanding homeownership opportunities, the Johnson-Crapo proposal tells working and middle-class families that homeownership will be reserved for the fortunate few. That is simply wrong, and we can do better.

Reflections on Too Big to Fail

Douglas Holtz-Eakin | Posted 05.26.2014 | Business
Douglas Holtz-Eakin

Too big to fail may be a problem. But it is no larger or smaller than the problem of good policy itself.

Fun with Fannie and Freddie

Dean Graziosi | Posted 05.24.2014 | Business
Dean Graziosi

When it comes to the restructuring or outright dissolution of Fannie Mae and Freddie Mac, there has been a lot of talk, a couple of bills introduced, and nothing really accomplished.

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...

Losing Fannie and Freddie: A Terrible Idea

Harlan Green | Posted 05.16.2014 | Politics
Harlan Green

There was a reason Fannie Mae (Federal National Mortgage Association) and Freddy Mac (Federal Home Loan Mortgage Corporation) were government created entities, before they became private corporations in the 1970s.

Is Non-Prime the New Sub-Prime?

D. Sidney Potter | Posted 05.04.2014 | Business
D. Sidney Potter

With the recent Academy Award winner for best movie of the year going to 12 Years a Slave, it was only topical to quote a former slave owner himself, ...

Why Fix Something Not Broken?

Karen Hinton | Posted 04.08.2014 | Business
Karen Hinton

Young families, military families and low-income people who may not make six digits but have good credit are, for all practical purposes, blocked from owning a home by requirements for high credit scores and down-payments.