Tag Archives: house financial services committee

Mortgage Applications Rise, Mortgage Interest Rates Fall

Normally, mortgage interest rates and mortgage applications operate in inverse directions. With increased demand for mortgages, interest rates usually rise. Now we have an increase in mortgage applications while rates are going down. Why? Because the overall demand for mortgages … Continue reading

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Some Republicans Want More Government Support For Housing

The free market approach to the housing industry is the same as it is to the orange juice industry — let the government get out of the way. The majority Republican approach to Fannie Mae and Freddie Mac is to … Continue reading

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How Do You Like Obama’s $20 billion mortgage shakedown?

The Obama administration wants to force banks to pony up $20 billion that Obama and the Democrats can dispense to home owners with equity and others who’ve made bad decisions. It is an attempt to buy a second term for … Continue reading

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Elizabeth Warren’s Role In Mortgage Talks

Elizabeth Warren is an academic socialist who wants the government to oversee corporate America to ensure that it plays by leftist rules of inclusivity and concern for minorities and the poor. The WSJ reports: The back-and-forth between White House adviser … Continue reading

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House Republicans Seek To Kill Obama’s Mortgage Plan

Conservatives in the U.S. House of Representatives want to kill many of Obama’s fanciful ideas, including his HARP program for mortgage relief. The freer the market for housing, the quicker that sector will recover. Liberals want more government intervention. They … Continue reading

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Should The Government Provide More Mortgage Relief?

When you ask the government to intervene in the mortgage market to bail out people who bought more home than they could afford, you are reducing moral hazard (the price people pay for bad decisions). You make the free market … Continue reading

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House Republicans Kill Two New Mortgage Programs

I guess they put those programs in the crosshairs and killed them! The massive government interventions to stem foreclosures has not seemed to have helped much as that tide keeps rising. Like most liberal programs, they mean well but don’t … Continue reading

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Do We Need Federal Support For Home Loans?

Is home ownership always a great thing? Does the government need to subsidize it? Why not let the private sector sort it all out? Generally speaking, Republicans prefer free market solutions and the Democrats prefer to intervene with the government … Continue reading

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Mortgage Modification Fight

The WSJ unloaded yesterday’s on Obama’s mortgage modification scheme: The WSJ reports: This smells like a re-run of the failed Home Affordable Modification Program, or Hamp. Launched in 2009, Hamp was supposed to keep homeowners in their homes. Instead, the … Continue reading

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Republicans Target Obama’s Mortgage Program

Republicans are elected to reduce government spending. They say that many of Obama’s programs have proved to be poor investments, including his mortgage relief program. The national debt has skyrocketed under Obama. The Washington Examiner reports: When Congress returns from … Continue reading

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