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 'Bailout'

ARTICLES

Why is George Soros staking a huge claim in AIG and Ally?

Bets on AIG, moves out of Visa, MasterCard
Trey Garrison and Brena Swanson
Soros Fund Management is putting a giant stake in the firm that received an $85 billion bailout during the subprime mortgage crisis. A $98.4 million stake to be exact, which makes AIG the second largest investment for one of the world's biggest investors.
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Lawmakers demand more controls on Fed bailout power

Warren, Vitter, Brown, & others lead charge to change "too big to fail" plans
Ben Lane
In the letter, the lawmakers write that the Fed’s proposed rule under Section 1101 "places no meaningful restrictions on its emergency lending powers, and in a time of crisis, invites the same sort of backdoor bailout we witnessed five years ago."
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Geithner: By bailing out banks, it looked like we were "rewarding the arsonists"

Former Treasury Secretary on public perception of bailout
Sarah Wheeler
"I don't think anybody found a way to, in that moment, to explain and describe it. And I think that's because at its core the things we had to do — the work — was going to look like we were rewarding the arsonists," former Treasury Secretary Timothy Geithner said Monday on NPR.
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Counterpoint: Worst case, Fannie, Freddie need taxpayers

Severely adverse scenarios require Treasury help
Brena Swanson
Painting a different picture than the Federal Housing Finance Agency's scenarios, in the Dodd-Frank stress tests, the enterprises came up short.
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FHFA: Fannie, Freddie will not require another bailout

GSEs pass all three FHFA stress test scenarios
Brena Swanson
Looking at the results, cumulative, combined Treasury draws at the end of 2015 remain unchanged at $187.5 billion as neither enterprise requires additional Treasury draws in any of the three scenarios.
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Treasury readies Ally initial public offering

The beginning of the end
Jacob Gaffney
Once a major player in the mortgage market, the automotive finance company and bank holding company will be traded on the New York Stock Exchange under the ticker ALLY. But will the Treasury make its money back on its investment?
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New FOMC minutes reveal tough calls in 2008

Fed presidents unsure of what could happen
Jacob Gaffney
The Federal Reserve released the minutes from 2008 at the Federal Open Market Committee and gave a look inside the monetary decisions taking place during the worse economic downturn in a generation.
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Fannie Mae finally profits Uncle Sam

Now will they start paying shareholders?
Trey Garrison
Fannie Mae is paying the U.S. Department of Treasury $7.2 billion, bringing its payments now to a level exceeding the total bailout it received. It still hasn't paid shareholders. It's unclear if it plans to. And it hasn't started paying back the bailout, either.
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Paying Fannie and Freddie investors was never part of the plan

Investors: This is government confiscation of private property
Trey Garrison
Freddie Mac and Fannie Mae stockholders were on the hook for losses after the housing crash, but according to the Administration's official policy, they won't be getting any of the profits.
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FHA bailout pushes federal deficit to $22B

MMI fund to reach its capital ratio requirement by 2017
Christina Mlynski
With the Federal Housing Administration drawing $1.7 billion from the Treasury into its Mutual Mortgage Insurance Fund for the first time in FHA history, the balance of the fund ended up costing the federal government a hefty sum.
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