President Trump, Dodd-Frank, Fannie and Freddie



President Trump gives orders for the change he wants but the U.S. Congress has a multitude of views on what needs to be done and ultimately controls the financial purse strings

Dodd-Frank Act set to be overhauled following House vote



The House voted on Thursday to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions.

Does the Federal Dodd-Frank Act Really Make Sense for Seller Financing?



If nothing else, the Dodd-Frank Act certainly complicated issues around seller financing. The overall intention was to protect consumers from getting into loans that they were not likely to be able to repay. That’s all fine and good. However, the convoluted law may be doing more harm to difficult to qualify people than it’s doing […]

Federal Housing Policy Threatening To Permanently Undermine Housing Market Stability



Think the days of risky subprime loans are behind us? Now that Dodd-Frank has been implemented, a lot of the talk has been about The “Qualified Mortgage Rule”. Supposedly this new rule known as “QRM” is going to protect consumers from lenders who are willing to make reckless, high cost loans to unsuspecting borrowers. Here […]

Taxpayers On Hook As Government Insured Lending Spins Out Of Control



Even as government agencies settle mortgage and foreclosure related lawsuits, the Dodd-Frank legislation takes effect and the nation grapples with the fallout from the largest credit crisis in U.S. history, the truth is we’re no better off today than we were when this entire mess began to unravel back in 2007.

Bernanke Admits Policy Failure, Then Asks For More Of The Same



In today’s report to congress, I could not help but notice two things. First, Fed Chairman Ben Bernanke was essentially admitting that his program to solve our economic problems with more spending is not working out very well. And it was painfully obvious that some if not most of the congressmen/women on the panel had […]

A Perspective On The U.S. Housing Market, We Need Localized Solutions (Part 1)



As the U.S. “housing crisis” drags on, it’s time to take stock of where we’re at and take a closer look at what’s really going on out there. There are several points I’d like to make about this market to add some balance to the discussion about what to do and how to “fix” the […]

Fed Study: Garnishing Wages Could Reduce Mortgage Defaults by 30%



A “Working Paper” documenting a study of mortgage default has determined that two possible options for reducing mortgage defaults would be to increase the required down payment to 15% or garnish the wages of defaulting borrowers. The study, written by Juan Carlos Hatchondo, Leonardo Martinez, and Juan M. Sánchez, looks at an aggregate of data […]

Residential Real Estate Industry Cringes As Dodd-Frank Era Begins



The financial regulatory bill known as Dodd-Frank, named for it’s two main congressional proponents, Chris Dodd and Barney Frank, has begun to kick in. The bill is more than 1,000 pages in length, and will address virtually every corner of the residential real estate industry. Virtually no one in the industry will avoid the impact […]

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