Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'PATH Act'

ARTICLES

Rep. Delany: Time to end government’s role in setting price of mortgage finance

Mortgage finance plan combines private capital with government muscle
Ben Lane
Representative John K. Delaney, D-Md., cites the government’s “mispricing of risk” as a significant contributor to the financial crisis and says, “We have ample evidence of what happens when the government distorts the massive mortgage market.”
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WSJ: Johnson-Crapo isn't a cure, it's the illness 2.0

Board favors PATH Act instead of blowing more bubbles
Trey Garrison
There are better ways to kill Fannie and Freddie, the WSJ board says. One of them is the PATH Act.
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Paul Ryan budget will not abandon Fannie and Freddie

…for now
Brena Swanson
Fannie Mae and Freddie Mac managed to still weasel their way into the Hose Budget Committee Chairman Paul Ryan’s, R-Wis., fiscal year 2015 budget plan. However, the lifeline is slowly coming to a close.
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Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
Ben Lane
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
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Breaking down the three GSE reform measures

SFIG compares Johnson-Crapo, Corker-Warner and PATH
Trey Garrison
The Structured Finance Industry Group has put together a side-by-side comparison of three major GSE reform packages currently floating around Capitol Hill.
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3 dangers housing finance faces in 2014

Ambiguous, complex, and inconsistent enforcment ahead
Trey Garrison
When a law's effect is determined by how it is enforced, and when there's a new model of regulation by people who don't understand what they're regulating — that's not a good place to be.
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Maxine Waters places housing reform on chopping block

Calls for principal reduction, more equal access to market
Christina Mlynski
While Maxine Waters, D-Calif., applauded the current proposals on the Congressional floor, she still believes more can be done. As a result, she is preparing an alternative approach to these proposals that comprehensively addresses the issue of replacing the government-sponsored enterprises’ multifamily program.
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House panel grills FHA Commissioner

Carol Galante: $1.68B funding request is not a bailout
Kerri Ann Panchuk
Federal Housing Administration Commissioner Carol Galante pushed back at claims from Congress that the FHA’s recent request for a $1.7 billion Treasury draw is a bailout or proof that the agency's model is a failure.
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Hensarling blames Dodd-Frank for mortgage market volatility

Housing finance reform is a necessity for a sustainable market
Christina Mlynski
The passing and implementation of Dodd-Frank gave the government more ineffectual power to micromanage the mortgage sector and ultimately reverse any progress made within the market itself, House Financial Services Chairman Jeb Hensarling, R-TX, said Tuesday.
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GSE reform proposals next on the to-do list

Housing recovery prompts Congress to move forward with GSE restructuring
Christina Mlynski
There seems to be a bipartisan commitment to encouraging private capital to re-enter the housing market, while winding down Fannie Mae and Freddie Mac’s dominance in the space.
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