The Acting Director of the Federal Housing Finance Agency (FHFA), designated to the position by President Obama in 2009, rebuffed attacks made by Democratic senators on the issue of mortgage principal reduction in a hearing today focused on barriers to a recovery in the housing market. Without an avenue in Congress to pass the necessary … Continue reading
Tag Archives: GSEs
President details housing plan, imperfect and ill-timed
Lost in the mire of political news about yet another trillion-dollar deficit and the latest from the campaign trail are a number of important developments in housing. This week the President kicked off the campaign to sell his plan for solving America’s housing market woes, a plan he outlined in the State of the Union. … Continue reading