Politics & Policy Blog Posts | Page 7 of 8

Dec 16, 2009Jun 10, 2024 Peter Giardini

Bankers Invited to the Wood Shed by Obama; How to Find Lenders willing to Lend?

It has been all over the news how President Obama invited the big bankers to the White House this week to encourage them to do their part to stimulate job…

Dec 10, 2009Jun 10, 2024 Jeff Brown

Fannie Mae/Freddie Mac Put the Noose Around Investors’ Necks with New Lending & Underwriting Policy Changes

There comes a point at which reasonable folk take a step back, survey the latest nonsensical trend in lending, and conclude their own rational thought has been the problem all…

Dec 01, 2009Jun 10, 2024 Florence Foote

Meet Your New Landlord: Uncle Sam (aka Fannie Mae)

Fannie Mae is a government sponsored private company, with its roots in the Great Depression. Unfortunately, mere government-sponsorship was not enough to keep the company afloat during the recent financial…

Nov 03, 2009Jun 10, 2024 Florence Foote

Is Fannie Mae Killing the Golden Goose?

One study of mortgages during the Great Depression found that almost half of urban, owner-occupied homes (on which there was a mortgage) were in default by 1934. The government’s answer…

Oct 26, 2009Feb 15, 2024 Richard Warren

Nevada’s Home Loan Modification Law Ignored

What if you had a home modification law that everyone ignored? In its 2009 legislative session the State of Nevada passed a law requiring loan modification companies to be licensed.…

Aug 17, 2009Feb 15, 2024 Richard Warren

What If We Had A Mortgage Mediation Party And Nobody Came?

The Nevada State Legislature recently passed the mortgage mediation law great fanfare. The law was expected to save as many as 17,000 Nevada homeowners from foreclosure. The law, which went…

Jul 20, 2009Feb 15, 2024 Joshua Dorkin

CIT Group Down The Wire

The following is a guest post by Hiland Doolittle: In December, CIT Group received a $2.33 billion lifeline from the Troubled Asset Relief Program. CIT Group is one of the…

Apr 20, 2009Feb 13, 2024 Richard Warren

Back To Reality, Foreclosure Moratorium Ends

I had been hearing a lot of talk lately about how home foreclosures were down. Real estate agents were pointing to this and saying that the market was going to turn around…

Feb 16, 2009Feb 15, 2024 Joshua Dorkin

Obama to Detail Housing Bailout Plan on Wednesday

So far, we’ve tackled the subprime lending crisis (and failed), the credit crisis (and failed), we’ve got a TARP, a Stimulus Package, Trillions of dollars in borrowed debt repayments as…

Feb 14, 2009Feb 13, 2024 Joshua Dorkin

Major Banks Announce Halt in Foreclosures for One Month; Await Obama Plan Details

As the spending stimulus package passed the House and Senate on Friday, lenders large and small took action to stem the tide of foreclosures (1 every 13 seconds) until more…

Jan 12, 2009Feb 15, 2024 Richard Warren

A National GO Zone?

When portions of the gulf coast states, Alabama, Louisiana, and Mississippi, were ravaged by Hurricane Katrina in 2005, the Government stepped in to create the Gulf Opportunity Zone, or GO…

Oct 10, 2008Feb 14, 2024 David Peeples

BIG Problems Need Simple Solutions; A Bailout Plan that Works

Two months ago, hardly anyone knew of credit default swaps, commercial paper, mortgage backed securities, and mark to market accounting. Now, guys like Hank Paulson and Ben Bernanke are household…

Oct 08, 2008Feb 14, 2024 Joshua Dorkin

A Solution That Works

Today, we’ve got an important guest post to share, written by Dan Gilbert, Chairman of Quicken Loans. Last week, President Bush signed into law the hotly debated financial rescue package…