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John Griffith Archives

A Comparison of Plans to Reform Our Housing Finance System

Home soldThe CAP Housing Team presents summaries of 26 plans to reform the U.S. housing finance market.

By John Griffith and the CAP Housing Team | Friday, July 19, 2013

Recent Attacks on FHA Are Wrongheaded

The onslaught began last month after the agency released a sobering financial report, then accelerated last week when the New York Times reported on an alleged “pattern of risky lending” in the agency’s mortgage insurance program. The Times piece, penned by columnist Gretchen Morgenson, relays the findings of a controversial new report from Edward Pinto […]

By John Griffith | Wednesday, December 19, 2012

Congress Must Stop Using Fannie and Freddie as Piggy Banks

Guarantee fees are the primary source of revenue for Fannie Mae and Freddie Mac, allowing them to offset operational costs and reserve against credit risk on the home loans they back. Without that income, Fannie and Freddie cannot provide liquidity to the U.S. mortgage market.

By John Griffith and Julia Gordon | Friday, December 7, 2012

Fact Sheet: The Federal Housing Administration’s 2012 Actuarial Report

Home for sale article icon Issue Brief Seven key facts about the report and what you need to know about the agency's future.

By John Griffith | Monday, November 19, 2012

Don't Be Fooled by the FHA 'Bailout' Hysteria

Friday’s announcement that the Federal Housing Administration may soon need taxpayer support for the first time in its 78-year history is sure to energize critics of the government-run mortgage insurer. It will be months before we know the final tab, but even the $16.3 billion estimate released today is a small price to pay for […]

By John Griffith | Friday, November 16, 2012

The Housing Market Is on the Mend, and the Government Deserves Some Credit

The Federal Reserve BuildingThe federal government stepped in to support the housing market when it was in free fall, and we’re now starting to see the benefits.

By John Griffith | Monday, October 22, 2012

The Federal Housing Administration Saved the Housing Market

House with Sold Sign article icon Issue Brief Without the cash-strapped agency’s help in recent years, the housing crisis and resulting economic downturn would have been much worse.

By John Griffith | Thursday, October 11, 2012

Congress Could Help ‘Quantitative Easing’ Reach Main Street

Home for saleThree plans to help millions of families take advantage of low interest rates through mortgage refinancing are now before Congress, but Congress is slow to act.

By John Griffith | Wednesday, September 19, 2012

7 Things You Need to Know About Fannie Mae and Freddie Mac

Fannie Mae sign article icon Issue Brief Fannie and Freddie remain two of the world's largest financial institutions, but most Americans understand very little about the two mortgage giants.

By John Griffith | Thursday, September 6, 2012

It’s Time to Talk About Housing

article icon Issue Brief John Griffith, Julia Gordon, and David Sanchez lay out seven essential questions the presidential candidates need to answer on housing.

By John Griffith, Julia Gordon, and David Sanchez | Wednesday, August 15, 2012

Time to Make an Offer FHFA Can’t Refuse

The agency stands in the way of principal reductions by mortgage financiers Fannie Mae and Freddie Mac, but the Treasury Department can fix that, writes John Griffith.

By John Griffith | Thursday, August 2, 2012

The $5 Trillion Question: What Should We Do with Fannie Mae and Freddie Mac?

John Griffith reviews the role Fannie and Freddie play in the housing market and why we need to transition to a new system of housing finance that includes less government support.

By John Griffith | Thursday, August 2, 2012

Interactive: Comparing Fannie Mae and Freddie Mac Reform Plans

cursor icon Interactive John Griffith examines 21 ideas for transitioning the government-sponsored enterprises to a new system of U.S. housing finance.

By John Griffith | Thursday, August 2, 2012

Reducing Mortgage Principal Is Not a ‘Moral’ Issue

John Griffith considers whether reducing mortgage principal is a moral issue.

By John Griffith | Monday, July 30, 2012

Bipartisan Bill Pushes Shared Appreciation Principal Reductions

Congress can save taxpayer dollars while giving underwater borrowers a fighting chance of staying in their homes, writes John Griffith.

By John Griffith | Tuesday, June 12, 2012