The Obama administration is very close to announcing a plan that would sell government-owned foreclosed properties in bulk to investors who intend to use them as rental properties. The hope is that by taking this inventory out of the sale pipeline, the program could help the broader housing market recovery more quickly. Read More
The lawsuit filed by the Securities and Exchange Commission against six executives of Fannie Mae and Freddie Mac may not be the worst of the executives’ worries. Read More
One reason to suspect that the six executives from Fannie Mae and Freddie Mac will not settle with the SEC any time soon: they are not paying their own legal bills. Read More
GOP presidential candidate Newt Gingrich took aim at President Obama, denied ever doing any lobbying and called out House Minority Leader Nancy Pelosi in a wide-ranging interview with Larry Kudlow Tuesday. Read More
While politicians bemoan regulatory burdens on business, most small businesses consistently say that the “single biggest problem” they face is low sales, not red tape or taxes, reports The New York Times. Read More
Given that the conservator of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has been wielding incredible power of late in deciding how much the two mortgage giants can and cannot charge in guarantee fees and whom they can and cannot refinance, it was particularly disturbing to learn the that same FHFA has been deemed, dare I say it, incompetent, at least in one of its oversight capacities. Read More
I have the feeling that a lot of people are probably scratching their heads over the news that the Securities and Exchange Commission is close to reaching a settlement with Fannie Mae and Freddie Mac over their disclosure of subprime risk. Read More