John Griffith argues that with most of the mortgage industry embracing principal reduction as a way to help troubled homeowners, Fannie Mae and Freddie Mac should follow suit.
New legislation would help more homeowners refinance through the Home Affordable Refinance Program, writes John Griffith.
Congress can step up and help the more than 3 million homeowners that cannot refinance their mortgages to today’s low rates, writes John Griffith.
Issue Brief
John Griffith and Richard Caperton assess the federal government's record in handling risks to taxpayers in its loans and loan guarantees.
John Griffith testifies before the the U.S. House of Representatives Congressional Progressive Caucus.
New data from the firms’ regulator confirms that principal reductions can be good business practice, write John Griffith and Daniel Molitor.
Report
John Griffith and Jordan Eizenga explain why Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency should embrace a targeted principal-reduction program for certain deeply underwater loans it owns or guarantees.
David Min and John Griffith argue that the House Republican budget would remove government support to the mortgage market at a critical time.
The program is off to a promising start, but Alon Cohen and John Griffith are keeping an eye on affordable housing and responsible oversight.
David Abromowitz and John Griffith discuss the benefits of principal reduction for homeowners and lenders alike.
Issue Brief
John Griffith on the unfair "fair value" budget reporting proposed for use in federal credit programs.
President Obama has renewed his commitment to struggling homeowners. It’s time for Congress and federal regulators to do the same, write John Griffith, Janneke Ratcliffe, and David Abromowitz.
Fannie Mae’s new pilot program with its portfolio of foreclosed properties is a step in the right direction, but policymakers must tread lightly, caution John Griffith, Alon Cohen, and Jordan Eizenga.
Report
Alon Cohen, Jordan Eizenga, John Griffith, Bracken Hendricks, and Adam James lay out a plan for removing a portion of government-owned foreclosed properties from the glutted for-sale market by converting them to affordable rental units.
John Griffith applauds the Federal Reserve for urging policymakers to do more to help the housing market, and calls for the Obama administration, Congress, and federal regulators to act on the advice.