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    Senate Plan to Replace Fannie, Freddie Faces Skepticism from House Critic

    The chairman of the House Financial Services Committee said he is skeptical of a forthcoming Senate proposal that would replace mortgage lenders Fannie Mae and Freddie Mac with a new government regulator. In an exclusive interview with The Foundry today, Rep. Jeb Hensarling (R-Texas) said the Senate plan, announced yesterday, … More

    Phil Gramm’s Excellent Tax Reform Game Plan Has Just One Flaw

    The momentum for tax reform continues to build. Adding to it is former Senator Phil Gramm (R–TX), who wrote an op-ed in The Wall Street Journal laying out a tax reform “game plan” for Congress to follow. Gramm pretty much nails the most important things tax reform must accomplish to … More

    First-time Homebuyers Tax Credit Shows Government Can't Fix Housing

    Government programs cannot stop the decline in housing prices. The latest evidence of this comes from a study of first-time homebuyers who took advantage of an $8,000 tax credit available between 2009 and September 2010. According to a new study, housing prices in 110 of 157 studied cities have dropped … More

    Proposed Mortgage Refinance Plan Would Help Only a Few

    They are at it again. Despite numerous unsuccessful tries to develop a government-facilitated plan to refinance problem mortgages, another one appears to be on the horizon. This one, currently being considered by state and federal officials and large mortgage lenders, has a better focus than earlier versions, but would at … More