Why Obama's Anti-Foreclosure Program is Failing

President Obama's Home Affordable Modification Program (HAMP) isn't effective. Here's why. The  Home Affordable Modification Program , which modified loans for eligible homeowners facing foreclosure, is not only failing to make things better for those who stand to lose their homes, it's actually …

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Written by John S. Wilson on Wednesday September 7, 2011

Dem Reps Rebel Over Mortgage Program

Eighteen Democrats went against the wishes of the president yesterday by voting for the termination of a program Obama hoped would help prevent foreclosures. Eighteen Democrats went against the wishes of the White House by voting yesterday for the termination of the Home Affordable Modification …

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Written by Tim Mak on Wednesday March 30, 2011

GOP Pushes for Fannie & Freddie Phase-Out

A package of GOP bills to restrict and then wind down Fannie and Freddie illustrate what a vigorous, market-oriented House majority can and should do to get things done. A coalition of Republican House of Representatives Members has announced a package of bills that would first restrict and then …

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Written by Eli Lehrer on Tuesday March 29, 2011

Wall Street Fights New Loan Risk Regs

Bankers are objecting to a new regulation that would require them to keep a percentage of loans on their own books. But don't expect anyone to buy their argument. Bankers object to a new regulation requiring them to keep a percentage of their loans on their books: "If we have to keep these loans …

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Written by David Frum on Tuesday March 29, 2011

Fannie & Freddie Reforms Won't Save Taxpayers

Taxpayer aid to Fannie Mae and Freddie Mac is already more than $150 billion. But don't expect that number to drop even if Congress passes reforms. Freddie Mac, the mortgage-finance company operating under federal conservatorship, reported a loss this week of $14 billion for 2010.  No goodwill …

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Written by Steven Trowern on Sunday February 27, 2011