Tag Archives: mortgage

Obama Says OK Mortgages For Those With Bad Credit

According to the Washington Post, the Obama administration is pushing big banks to make more home loans available to Americans with bad credit – the same kind of  government guidance that helped blow up the housing market: In response, administration … Continue reading

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Consumer FinanceProtection Bureau Hands Down New Mortgage Rules

Housing rules unveiled by the administration’s new consumer watchdog agency on Thursday would insert the government into the housing market in a manner unseen for decades. The set of regulations unveiled by the 18-month-old Consumer Finance Protection Bureau (CFPB) will … Continue reading

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Could Fannie Mae and Freddie Mac Add $1 Trillion to Deficit

In 2003, Rep. Barney Frank (D-MA) famously denied that “the Federal Government is obligated to bail out people who lose money in connection” with Fannie Mae and Freddie Mac:  “There is no guarantee, there is no explicit guarantee, there is … Continue reading

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