Commentary Washington seems to have missed the lessons of 2008’s financial crisis that it seems ready to set up the nation for a second run. The last crisis had lots of moving parts and reflected many bad decisions. One of great significance was Washington’s long insistence that banks and other lenders extend more and more…
Another Housing Crisis?
May 26, 2023
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2008 financial crisisBusiness & MarketsBusiness ColumnistsFederal Housing Finance AgencyOpinionViewpointsWashington
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Biden Administration’s New Mortgage Policy: Unjust and Dangerous
Commentary One of the essential lessons most of us are taught early in life is the importance of developing a sense of financial responsibility. Work hard to earn a good paycheck. Don’t spend more than you can afford. Save for the future. Eventually, following these steps will land you in a position where you can…
Housing Agency Rules Will Force Homeowners With Good Credit to Subsidize High-Risk Borrowers
April 20, 2023
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Business & MarketsCompaniesCredit Scoreseconomic policieseconomyequityExecutive BranchFederal Housing Finance AgencyinflationInvestmentMarketsmortgagespersonal financePolicies & ImpactsPoliticsreal estaterecessionUSUS Real Estate
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The Biden administration will soon punish Americans with high credit ratings to pay more for their mortgages to subsidize loans for homebuyers with lower scores. Starting May 1, Americans purchasing a new home or are refinancing their existing mortgages will have to pay higher mortgage rates and monthly fees if they have a higher credit score, The…
Biden Administration Axes Trump-Appointed Head of Agency that Oversees Fannie and Freddie
In a staffing shuffle at the top of the federal agency that oversees mortgage giants Fannie Mae and Freddie Mac, the Biden administration on Wednesday fired Trump appointee Mark Calabria following a Supreme Court decision that cleared the way for his dismissal. The Supreme Court ruled on Wednesday in the case, Collins v. Yellen, that the…
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