Another Subprime Idea from Obama
The Obama Administration is reportedly pushing banks to increase mortgage lending to people with relatively weak credit in hopes of boosting home sales. But the… Read More
IMF: Fannie and Freddie Threaten U.S. Fiscal Health
Followers of the International Monetary Fund (IMF) have long joked that the fund’s acronym stands for “It’s Mostly Fiscal.” For a long time it has… Read More
DeMarco Signals a Better Housing Policy by Putting Taxpayers First
Ed DeMarco, the acting director of the Federal Housing Finance Agency (FHFA), got it right by putting taxpayers’ interests ahead of the Obama Administration’s wishes…. Read More
Morning Bell: What if Fannie and Freddie Were Eliminated?
For the past several years, it’s not been an uncommon sight in Anytown, USA, to drive down the street and see home after home for… Read More
Chart of the Week: Nearly Half of All Americans Don’t Pay Income Taxes
This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food,… Read More
Morning Bell: Dependence on Government Highest in History
When John F. Kennedy was President, just over a quarter of federal spending went to fund programs paying for some 21.7 million Americans to be… Read More
State of the Housing Market: New Refinancing Promises?
During his State of the Union speech, President Obama introduced a new plan to save responsible homeowner $3,000 a year on their mortgages by refinancing… Read More
Morning Bell: Agenda 21 and the Threat in Your Backyard
Ready to trade in your car for a bike, or maybe a subway instead? Interested in fewer choices for your home, paying more for housing,… Read More
FHFA Sues Banks to Recover Housing Bond Losses: Less Than Meets the Eye?
News reports say that the Federal Housing Finance Agency (FHFA) will sue about 12 major banks in order to recover some of the losses that… Read More
Morning Bell: Time to End Fannie and Freddie
Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited… Read More
