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When Congress temporarily raised the maximum loan size eligible for mortgages guaranteed by FHA or by the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in 2009, it was its stated intention to ensure the availability of mortgage credit even when private financing might, in the light of the evolving mortgage crisis, withdraw from the market. Those temporary limits expired on October, creating a lot of uncertainty about what might happen to borrowers no longer able to obtain conventional...

The House Capital Markets Subcommittee held a hearing on Wednesday on reforming Fannie Mae and Freddie Mac. Testimony came from representatives of three conservative "think tanks" and a single progressive one. The first three speakers presented outlines for reform that had the common theme of privatization and many similar specifics. The fourth advocated for continued government involvement and devoted much of her testimony to contradicting premises of her fellow panelists. Mark A. Calabria, Ph.D...

H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in that legislation was authorization to extend current loan limits for mortgages provided through Fannie Mae, Freddie Mac, and the Federal Housing Administration. ...

As predicted, special interest groups are chiming in with suggestions as to what the economic stimulus package proposed by the Bush Administration and being debated by Congress should contain.

On Thursday, about the time the House was approving its version of the legislation (the Senate has yet to act,) the National Association of Home Builders (NAHB) ran a full-page ad in USA Today and sent a letter to...

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