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.
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.
Interactive John Griffith examines 21 ideas for transitioning the government-sponsored enterprises to a new system of U.S. housing finance.
Alon Cohen explains that selling Fannie Mae’s foreclosed properties individually is risky while selling the properties in bulk ensures these foreclosed properties provide affordable, stable rental housing.
Alon Cohen updates CAP’s scorecard for Fannie Mae’s pilot program to convert foreclosed homes to rental properties.
Alon Cohen explains how joint ventures with community organizations will benefit Fannie Mae’s pilot program to rehabilitate its foreclosed homes to create more rental housing.
CAP’s Mortgage Finance Working Group provides comments on the Federal Housing Finance Agency’s draft strategic plan.
David Min explains that all of the world’s advanced countries provide significant levels of government guarantees to their housing finance systems.
Congress can save taxpayer dollars while giving underwater borrowers a fighting chance of staying in their homes, writes John Griffith.
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.
David Min counters the conservative claim that many governments worldwide don’t provide guarantees for mortgage finance.
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 David Min details the several ways the U.S. government guarantee on residential mortgages works and then compares those processes with the very different but equally important government role in guaranteeing home mortgages across Europe.
John Griffith testifies before the the U.S. House of Representatives Congressional Progressive Caucus.