Tag Archives: federal deposit insurance

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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Keeping Risk-Retention In Mortgage-Backed Securities

One of the reasons for the dramatic housing crash of 2007-2008 was that many of the parties originating mortgage loans had no incentive to see to it that such loans were repaid. Instead, they processed as many mortgages as they … Continue reading

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When Will Private Money Enter The Mortgage Market?

When private money feels assured it will make a nice return, but with the Obama administration considering a foreclosure settlement deal with the big lenders that will force them to write down the principal of many borrowers behind on their … Continue reading

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Fixing The Foreclosure Mess

Bankers can live with the new regulations and recommendations for how they handle foreclosures. It is not nearly as bad as initially expected. For a few weeks, it looked like the Obama administration was going to use this to shake … Continue reading

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Did Big Banks Cut Corners On Foreclosure Paperwork?

For all the massive mainstream media coverage of this story, I’ve yet to see evidence that a large number of people who made their mortgage payments on time were kicked out of their homes. For all the evidence I’ve seen, … Continue reading

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Exemption Proposed For Mortgage Securities

The exemption would apply to mortgages where borrowers have made at least a 20% down payment. When buyers have made such down payments, they are much less likely to walk away from their homes and to default. Few free market … Continue reading

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New Mortgage Lending Rules

The housing news keeps getting worse. Prices are still falling for housing in major American cities. The number of foreclosures in 2011 is expected to exceed the number of 2010. And we have new regulations on mortgage lending to insure … 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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