The THUD bill is a good place to start eliminating wasteful, poorly targeted, and inefficient spending.
The Hensarling draft is a substantial step toward real, market-based reform of housing finance.
It’s been three years since the passage of Dodd-Frank, Washington’s response to the housing market collapse, the failure of major financial firms, and the resulting shock to the economy in 2008. Are Americans better off today because of it?
Rather than expand housing trust funds by taking even more money from taxpayers, perhaps it is time to question their effectiveness.
“Duty to serve” is simply a bad euphemism for “housing goals,” and it is bad economic policy.
The FHFA should continue a zero-tolerance stance on principal reduction policy.
Congress should eliminate the GSEs and ensure nothing remotely similar to these entities is ever created again.