Opening today’s paper to more reports about the apparent processing problems involving foreclosures, I was struck by the near total absence of any discussion concerning ways to constructively address this dilemma. Instead of framing the discussions in the useful context of “root cause”...
"Reform is coming," according to a Treasury Department official who spoke this week to the National Policy Conference 2010 held by the Mortgage Bankers Association in Washington, DC. Michael S. Barr, Assistant Secretary for Financial Institutions, recapped events leading up to the collapse...
In a recent Voice of Housing post , I lamented the fact that there seems to be shockingly little public debate underway concerning the future of the US Housing Finance Industry. I ended that post with the question ... in the industry's future form, is there any role left for the GSEs, Fannie Mae...
U.S. Housing and Urban Development Secretary Shaun Donovan told a Senate appropriations subcommittee today that the Federal Housing Administration needs additional resources to ensure FHA can continue to meet the needs of underserved borrowers during the current mortgage crisis. Donovan also testified...