While she stopped just short of the mark, Federal Deposit Insurance Corporation Chairperson Sheila C. Bair came close to suggesting Monday that the government put less emphasis on home ownership in favor of promoting rental housing. This was one of three recommendations for putting the mortgage industry...
FDIC chairman Sheila Bair said the government has been behind the curve when it comes to preventing foreclosures, and she called for regulators to use their authority in creating flexible rules for making free loan modifications a top priority. She also defended the Community Reinvestment Act , a program...