Tag Archives: fannie mae

Why Does Real Estate Cost So Much In Coastal California?

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. From 2000 to 2005, the average home price in the United States increased by one-third. Millions of Americans began using their homes as ATMs, getting … Continue reading

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The Housing Boom

Check out the book on Amazon.com. Economist Thomas Sowell appeared on Dennis Prager’s radio show May 27: Tom: If the results weren’t so serious, all this would make a great Gilbert & Sullivan musical, with all the mutually contradictory statements … Continue reading

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Maybe The Bailout Worked?

I want to grind my teeth every time I think about the U.S. government bailing out banks, but this Washington Post article says the thing has worked: Sure, you can question how the money was used — many of us … Continue reading

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I’m Live With The President

I’ll be live on my cam when the president addresses the nation at 6 p.m. about our financial crisis. I’m part of a new KNBC.com team providing analysis via web cam and YouTube video. KhunDiddy:  I’m back after 11 nights … Continue reading

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Rabbi Lieb Pinter arrested and charged again

NEW YORK, May 8 (Reuters) – Two former principals of a New York-based mortgage lender surrendered to the FBI on Thursday after being indicted on charges of conspiracy and fraud involving Fannie Mae (FNM.N: Quote, Profile, Research) and Credit Suisse … Continue reading

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Mortgage Crisis Means No Tighter Regulation Of “government sponsored enterprises” (GSEs)

I cover the refinance industry here. David Smith writes: Roughly ten days ago, the Administration officially flew the white flag in attempting any further regulation of the GSEs. Legislation not pending?   As reported by The Wall Street Journal, with … Continue reading

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Democrats Vs. Republicans On Government Oversight Of Lending

Mickey Kaus writes: David Smith says scandal-scarred Fannie Mae and other "government sponsored enterprises" (GSEs) have successfully dodged the threat of stronger government oversight, thanks to the mortgage crisis–and the 2006 election. This appears to be a case where Republicans … Continue reading

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