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    Pawlenty Joins the Fight to End Fannie and Freddie

    Two Financial Services Roundtable executives, former Governor Tim Pawlenty (R–MN) and former Navy Secretary John Dalton, have penned an article that highlights the key points in the housing finance reform debate. In particular, the article pointedly calls for an end to the government guarantees of government-sponsored enterprises (GSEs) Fannie Mae … More

    How to Free the Housing Market from Government—and Lower Your Mortgage Payments

    President Obama said something truly great in his State of the Union Address this year. He told Congress: [S]ince the most important investment many families make is their home, send me legislation that protects taxpayers from footing the bill for a housing crisis ever again, and keeps the dream of … More

    GSE Reform: Fannie and Freddie Revenue Distracting from Housing Finance Reform

    Despite what a growing number of voices are postulating, Fannie Mae and Freddie Mac have not returned to profitability. The two former government-sponsored enterprises (GSEs) are generating revenue, but it’s not because the U.S. housing finance system has been fixed. The three main reasons the GSEs are flooding the Treasury … More

    Will the Federal Housing Finance Agency Forgive Borrowers’ Debts?

    Today Representative Mel Watt (D–NC) assumes his position as director of the Federal Housing Finance Agency (FHFA), which manages the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Acting director (since 2009) Ed DeMarco’s departure could mark just the beginning of several key policy shifts at the FHFA, such as … More

    VIDEO: Home Is Where Neighbors Help

    Ethel Parker had never had a bathroom in her home. She’d walk to the nearest convenience store when she needed to use the restroom, until Hearts for Homes—a locally supported nonprofit based in Denton, Texas—discovered her situation. “To go into a house that has never had a bathroom and put … More

    GSE Reform: Housing Finance Experts on the Future of Fannie and Freddie

    Nearly five years after one of the largest federal government bailouts in American history and the enactment of a colossal federal regulatory law (Dodd–Frank), policy leaders still wrestle with the question: How to end government guarantees in the U.S. housing finance system? To address this issue, Heritage analysts John Ligon … More

    Potential Settlement in Supreme Court Housing Discrimination Case

    The Wall Street Journal is reporting that the parties in the Fair Housing Act case pending before the Supreme Court have reached a tentative settlement deal. The case, Mount Holly v. Mount Holly Gardens Citizens in Action, involves the township of Mount Holly, New Jersey’s attempt to redevelop a crime-ridden, … More

    Federal Housing Administration Is Undermining Responsible Housing Policy

    The Federal Housing Administration (FHA) has discrepancies in its loan portfolio that are unlikely to be resolved anytime soon and will continue to pose a burden to the recovery of the housing market. With little more than $32 billion in reserves, the FHA has an estimated $70 billion in future … More

    FHA: The Next Round of Housing Bailouts?

    Despite some efforts this year to improve its financial position, the Federal Housing Administration (FHA) will reportedly seek a bailout from the federal government to cover losses on mortgage loans it insures. The FHA will ask taxpayers for a $1.7 billion cash infusion (more than double estimates earlier in the … More

    New Fannie Bond Issue Elevates Need for Higher G-Fees

    As Congress contemplates legislation to end Fannie Mae and Freddie Mac, the government agency running their operations is trying to make that task easier. However, the Federal Housing Finance Agency (FHFA) seems to have run into trouble with Dodd–Frank regulatory issues, thus making the task of winding down the companies … More