November 17, 2014

FHA’s Financial Health Looking Up

By David Reiss

HUD has released the Annual Report to Congress Regarding the Financial Status of the Mutual Mortgage Insurance Fund Fiscal Year 2014. It appears that things are looking up for the FHA, particularly after last year’s mandatory appropriation from the Treasury, … Continue reading

November 13, 2014

Reiss on Privatization of Fannie and Freddie

By David Reiss

BadCredit.org profiled an article of mine in Brooklaw Professor Pushes for Privatization of Fannie Mae/Freddie Mac. The profile opens, Since the end of the Great Recession, policymakers, academics and economists have been struggling with a very difficult question — what … Continue reading

October 9, 2014

A Framework For Housing Finance

By David Reiss

The Government Accountability Office has released Housing Finance System: A Framework for Assessing Potential Changes. The GAO writes, To help policymakers assess various proposals for changing the single-family housing finance system and consider ways in which the system could be … Continue reading

October 6, 2014

Are the FHA’s Losses Heartbreaking?

By David Reiss

The Inspector General of the Department of of Housing and Urban Development issued an audit of FHA’s Loss Mitigation Program (2014-KC-0004).  The Office of the Inspector General (the OIG) did the audit because of its “concern that FHA might have incurred … Continue reading

September 25, 2014

How Much Did the FHA Cost Us?

By David Reiss

Until the financial crisis hit, the Federal Housing Administration has never required budgetary support for its mortgage insurance programs. When it received a $1.7 billion infusion from the Treasury, it was seen as a sad day in the FHA’s long … Continue reading

August 18, 2014

Housing Finance at A Glance

By David Reiss

The Urban Institute’s Housing Finance Policy Center really does give a a nice overview of the American housing finance system in its monthly chartbook, Housing Finance at A Glance. I list below a few of the charts that I found … Continue reading

August 15, 2014

The Cost of Doing Nothing

By David Reiss

Yesterday, I wrote about the Securities Industry and Financial Markets Association (SIFMA)’s FHFA comment letter. Today I write about SIFMA’s comment letter in response to Treasury’s request for input relating to the future of the private-label securities market. Like the … Continue reading