Tag Archives: federal deposit insurance corporation

Further Regulation On Mortgage Lending

Should banks have to determine whether or not people can repay their mortgage loans? That’s a requirement in the Dodd-Frank financial regulation bill. That sounds silly to me. Banks that make mortgage loans that are not repaid are soon going … Continue reading

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Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair Leaves Her Job Blasting Banks

Sheila Bare says that banks have disdain for borrowers and don’t think they are worth helping. Why should banks help? The two sides signed a deal. Doesn’t Sheila respect the sanctity of contracts? Not particularly. Here’s a supposedly non-partisan but … Continue reading

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Rewriting The Mortgage Lending Rules

How much of a stake should mortgage originators have in the loans they extend? Mortgage originators by definition sell the mortgages they extend so they appear not to have the same incentive to make sure these loans are paid back … Continue reading

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Wanna Beat Up On The Banks For Their Foreclosure Practices?

The long investigation over bank foreclosure practices is coming to an end. Guess what? The banks aren’t perfect. Sometimes they are sloppy. Sometimes just inadequate. Sometimes incompetent. Sometimes they do horrible things. So do you want to fine them $20 … Continue reading

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Government Intervention To Stem Foreclosures

From Boston.com: A group of Bay State religious leaders and community activists will meet today in Washington, D.C., with officials from President-elect Barack Obama‚Äôs transition team, the Treasury Department and members of Congress to push for more loan modifications to … Continue reading

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The Right Way To Do Mortgage Relief

WASHINGTON, Oct 31, 2008 /PRNewswire-USNewswire via COMTEX/ — The following commentary was written by Bernard Wasow of The Century Foundation: The New York Times reported on October 31 that the federal plan to help homeowners in foreclosure is stirring up … Continue reading

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Housing Remains America’s Biggest Economic Problem

Is the only solution for banks to rewrite loan terms? Will their stockholders put up with this? Why penalize those who are keeping up with their mortgage payments? The Telegraph of London says: One recent report, from property research firm … Continue reading

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Bush Administration Working On A Plan To Help Homeowners

I wonder if Main Street is getting sick of these bailouts or if they simply want some of the gravy? This new plan could help millions of people who bought a more expensive house than they could afford. I wonder … Continue reading

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Bailing out Homeowners

WASHINGTON, Oct 31, 2008 /PRNewswire-USNewswire via COMTEX/ — The following commentary was written by Bernard Wasow of The Century Foundation: The New York Times reported on October 31 that the federal plan to help homeowners in foreclosure is stirring up … Continue reading

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Bush Administration Stepping Up For Average Homeowners

The New York Times reports on its efforts. The government has been throwing everything they can at the problem but there’s only been an increase in foreclosures. Many people have gotten modified mortgages but they still can’t make the payments. … Continue reading

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