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Editorials Investors.com 10/20/2014 Subprime Redux: Mel Watt’s easy credit crusade is now off and running. Fannie Mae and Freddie Mac’s chief regulator has officially lowered lending standards for the entire mortgage industry. Here we go again. In January, we warned that Watt’s swearing-in as head of the Federal Housing Finance Agency would mark the start […] October 21st, 2014 | Tags: Center for Responsible Lending, consumer credit, Federal Housing Finance Agency, Mel Watt, mortgages | Category: Banking and finance, Fannie Mae, Federal Housing Administration, Freddie Mac | Comments are closed
Clea Benson and Lorraine Woellert Bloomberg 12/28/2011 Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government’s role in mortgage finance, are heading into 2012 after enacting policies that expand it. An 11th-hour payroll tax cut extension signed into law last week will for the first time divert funds directly from Fannie […] December 29th, 2011 | Tags: guarantee fees, mortgage fees, mortgage insurance | Category: banking regulations, Congress, Fannie Mae, Federal Housing Administration, Federal spending, Freddie Mac, legislation, Taxes, Treasury Department | Comments are closed
Meena Thiruvengadam Dow Jones Newswires via FoxBusiness.com 9/1/2010 WASHINGTON -(Dow Jones)- The U.S. Housing and Urban Development department plans to partner with mortgage lenders to offer state and local governments and nonprofits a chance to buy bank-owned properties before they’re offered to private investors. “Local communities will now get an exclusive option to buy foreclosed […] September 2nd, 2010 | Tags: foreclosures, Neighborhood Stabilization Program (NSP), Shaun Donovan | Category: Banking and finance, Department of Housing and Urban Development, Economy, Fannie Mae, Federal Housing Administration, First Look, Freddie Mac, Socialism, Taxes | Comments are closed
by Peter J. Wallison The Wall Street Journal October 15, 2009 Recent reports that the Federal Housing Administration (FHA) will suffer default rates of more than 20% on the 2007 and 2008 loans it guaranteed has raised questions once again about the government’s role in the financial crisis and its efforts to achieve social purposes […] October 16th, 2009 | Tags: Rep. Barney Frank, Sen. Christopher Dodd | Category: Fannie Mae, Federal Housing Administration, Freddie Mac | Comments are closed
Investor’s Business Daily IBD Editorials 10/08/2009 Housing Mess: A huge, government-run housing agency shows massive losses and needs a bailout. Fannie Mae? Freddie Mac? No. It’s the Federal Housing Administration, in a bad case of financial-meltdown deja vu. The FHA, which insures mortgages made by first-time buyers with low down payments, says it may need […] October 11th, 2009 | Tags: housing crisis | Category: Economy, Federal Housing Administration, TARP, Taxes | Comments are closed
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