DeMarco: Should Government Set Standards, Backstop the Market, or Continue to Issue Guarantees?

Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency (FHFA) told lawmakers on Tuesday that the role of housing finance reform should be to promote the efficient provision of credit to finance mortgages for single-family and multifamily housing. Speaking at a hearing of the House Committee on Financial Services DeMarco said that an efficient market system for providing mortgage credit to homebuyers should have certain core characteristics : allowing innovation, providing consumer...

Establishing a New Fannie Mae in Texas? How Gfees are a Tax on Borrowers; Thoughts on Cutting Weak Producers

The combination of marketing, brand placement, and design graphics is a real art: when it works, great, but when it doesn't , well... Economists study long and hard to learn certain rules , like: "If you're going to give a number, don't give a date. If you're going to give a date, don't give a number. And if you do get it right, don't look surprised." Besides the handful of "I told you so" folks, in 2005 were large numbers of economists or analysts predicting the decline in property values we'd seen...

• Rising Prices Slowly Eroding National Negative Equity
• Mortgage Rates Continue Heading Mostly Lower Thanks To Europe
• Experian Notes Declining Credit Default Rates
• MBS RECAP: All Cyprus Ahead Of FOMC Tomorrow
• Housing Starts Rise, Permits at Four-and-half Year High
• Nine Attorneys General Demand DeMarco Ouster

Micro News

Around the Web

• Home Builders Applaud Bill (H.R. 1255) to Restore Flow of Credit to Housing, Spur Job Growth
• Tim Geithner's Bethesda Maryland Home Is On Sale For $995,000
• If There's a 'War' Against Banks, the Banks Are Winning
• Housing has been booming! Construction jobs haven't. Here's why.
• Chairman Hensarling's Opening Statement at Today's Hearing with FHFA Director Edward J. DeMarco
• Banking committee OKs White, Cordray for SEC, CFPB

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Today's Comments

	"Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions."
	"If there woud be more of a push for loan modifications with principal writedowns for those that have jobs and want to stay in their homes we would be in..."
	"Thanks Jann, this is directly related to our business. ( the trickle effect) We are talking to investors concerned with shrinking inventory as the spree..."

Today's Q&A