• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • foreclosure

    Housing Finance Nominee: Expect Big Government Housing Policies Doomed to Fail

    President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), replacing the current acting director Edward DeMarco. Watt has strong support from liberals in both the House and the Senate as a longtime member of the House Financial Services Committee and advocate … More

    CFPB Servicing Rules Are Excessive and Unauthorized

    The Consumer Financial Protection Bureau (CFPB) has imposed yet more regulation on the mortgage market, as required by the Dodd–Frank statute. The latest set of requirements and restrictions focuses on mortgage servicers, those who are hired by lenders to collect payments and manage other administrative aspects of home loans. Bureau … More

    Promoting Economic Freedom Is the Best Foreign Aid

    The new U.K. coalition government’s strong ongoing support for foreign aid may be one area where it is out of touch with the British electorate. According to a recent poll, the British public identifies foreign aid as one of the top three priorities for spending cuts. Nearly half the respondents … More

    Morning Bell: Stop the Bailout Parade Before It Gets Worse

    Now that the Senate has passed its “Foreclosure Enhancement Act,” attention turns to the House, which will hold hearings on its own response to the housing “crisis.” As the Christian Science Monitor reports, “at the heart of the emerging consensus is a bigger role for the Federal Housing Administration in … More

    Why Is the Senate Passing a Bill That Increases Foreclosures and Depresses Home Prices?

    The Heritage Foundation has been raising doubts about the Senate’s efforts to “do something” on the housing crisis for weeks now. With a vote scheduled for 2:15 PM today, it seems the rest of nation is catching on to the fact that the principles in this bill will only increase … More