By Joseph Lawler | 04/18/14 03:45 PM
Long-time consumer advocate and perennial presidential candidate Ralph Nader predicts that bailed-out mortgage businesses Fannie Mae and Freddie Mac will survive legislative attempts to disband them.
By Timothy P. Carney | 04/10/14 03:13 PM
Congress is trying to figure out what to do with Fannie Mae and Freddie Mac -- the government-sponsored enterprises that helped pump up the housing bubble and then collapsed in 2008, requiring a government bailout. The approach generally favored by the banks is replacing them with another...
By Joseph Lawler | 04/08/14 09:39 AM
The fate of the bailed-out mortgage businesses Fannie Mae and Freddie Mac likely won't be resolved for years, but at least two new advocacy groups are staking out positions in the looming battle over U.S. housing finance. One new 501c(4) organization, the Coalition for Mortgage Security,...
By Joseph Lawler | 03/28/14 11:40 AM
The federal government’s involvement in the housing industry — which is between one-sixth and one-fifth of the economy — is “fragmented across 160 programs and activities,” it found in 2012. Through spending programs, the tax code, government-sponsored enterprises and regulations, the...
By Joseph Lawler | 03/27/14 12:19 PM
House Democrats have submitted their own bid to bring an end to the bailed-out government-sponsored mortgage businesses Fannie Mae and Freddie Mac, joining House Republicans and two bipartisan groups in the Senate in proposing a broad overhaul of the American system of housing finance.
By Kelly Cohen | 03/25/14 06:34 PM
Inspections on houses headed into foreclosure -- inspections meant to save the Federal Housing Finance Agency money -- may be wasting money instead, the agency's inspector general has found. Fannie Mae and Freddie Mac -- which are regulated by the FHFA -- spent $91.2 million from 2011 to 2012...
By Joseph Lawler | 03/21/14 07:02 PM
A major impediment to the reform of government-run mortgage businesses Fannie Mae and Freddie Mac is a running disagreement about how they should be accounted for on the government’s budget. Fannie and Freddie ultimately received $187 billion in taxpayer funds following their 2008 bailout,...
By Mark Tapscott | 03/17/14 09:16 AM
It's Sunshine Week, so there will be more attention to government transparency and accountability in the nation's capital than usual, right? Actually, no, especially as long as there is such a thing as "off-budget" federal spending.
By Joseph Lawler | 03/11/14 03:47 PM
The chairman of the Senate Banking Committee and his Republican counterpart announced Tuesday that they had reached an agreement to dissolve bailed-out government-sponsored mortgage enterprises Fannie Mae and Freddie Mac and reform federal housing finance policy. Sens. Tim Johnson, D-S.D., and...
By Byron York | 04/17/14
By Sean Higgins | 04/17/14
By Joel Gehrke | 04/18/14
By Byron York | 04/17/14
By Charles Hoskinson | 04/17/14