Holder, Breuer connected to players in foreclosure fraud?
"I think it's difficult to find a fraud of this size on the U.S. court system in U.S. history." For years, the Left has asked why the Obama administration hasn’t pursued prosecutions against lenders...
View ArticleObama’s new re-fi plan a gamechanger?
"Precious few details." Jim Pethokoukis thinks it might be, but I’m not so sure. As described by Barack Obama, the program is a significant expansion of a couple of programs that so far had been...
View ArticleRep. Mike Pompeo: SOTU speech “stunningly cynical”
"This is a president whose words say one thing, but his policies result in just the opposite." Earlier today, I participated in the virtual Blogger Row for House Republicans for reaction to President...
View ArticleSurprise! Borrowers get to pay for payroll-tax holiday
All costs get passed to consumers. Always. So you think you got a payroll-tax holiday for free? Think that the big fat-cat mortgage lenders will foot the bill as part of Obama’s promise to make the cut...
View ArticleEconomy slowing down?
Manufacturing slows, new-home starts tumble. The Obama administration got caught flat-footed a couple of weeks ago by an anemic job-creation report for March from the Department of Labor, and it looks...
View ArticleGAO report: At least $1.4 billion of Obama’s stimulus went to tax cheats
The costs of federal beneficence. I wish I could summon the energy it takes to be outraged, but at this point I’m so jaded by the endemic inefficiency, ineptitude, and downright corruption of the...
View ArticleGreat news: Cities to apply Kelo to … mortgages
Eminently foolish domain. If one wanted to craft a strategy to make the home-mortgage market even less stable, increase already-unsustainable public debt, and erode private property rights even further...
View ArticleFHFA refuses to mark down principal on home loans
Perverse incentives and rebukes. This key news item got overlooked earlier this week, but it’s worth flagging now. The Obama administration had hinted that they might use their leverage through the...
View ArticleThe Obama admin wants you to know they’re here to help with mortgage payments
"I'm from the government, and I'm here to help." The Obama administration is launching a brand-new public service announcement to tout Treasury and Housing & Urban Development‘s joint initiative to...
View ArticleNew federal restrictions on mortgages not exactly CRA-friendly
Irony. Of all the provisions of Dodd-Frank conservatives disliked, the Consumer Financial Protection Board may have been the one least liked of all. Its proponent, Elizabeth Warren, ended up in the US...
View ArticleThe Consumer Financial “Protection” Bureau steps into the fray
"I'm from the government, and I'm here to help." Just to clarify, “protection,” in the Obama-administration context, is hereafter joining my list of words that deserve to be indelibly surrounded by...
View ArticleDoJ to S&P: How dare you rate our mandated securities so highly, or something
Good faith? In other words, no good deed goes unpunished. The Department of Justice filed a lawsuit against credit rater Standard & Poor’s yesterday almost five years after the collapse of the...
View ArticleNYT: Gingrich’s ties to Fannie Mae and Freddie Mac are deeper than you think
Uh oh. Awfully thoughtful of the Times to toss this grenade in his lap just hours before Nevadans head out to caucus. Then again, what’s the worst that can happen? He loses by 30 points instead of 25?...
View ArticleThe home ownership trap
Owning your own home and making it your castle is a key element of the American dream. Or is it? That’s become a more complicated question in recent years, particularly since the crash of 2007 and the...
View ArticleCalifornians upset that they can’t sell their green energy homes
A tale of woe comes to us from the Left coast. Trouble has reared its head for Californians who enrolled in a special government program designed to allow them to use taxpayer funds to upgrade their...
View ArticleObama to banks: Offer mortgages to riskier clients; Update: Old news
Update: This got sent over to me last night and I didn’t check the date closely enough. It’s from April 2013 … which is probably why it sounded as familiar as it did. My apologies. Original post...
View Article
More Pages to Explore .....