Tag Archives: dean baker

Have You Heard About The 5 Percent Retention Rule?

Bankers are warning of bankruptcy if this new law is enforced. What’s going on here? One of the major reasons for the housing crash was that people selling mortgage loans had little incentive to see that such loans were repaid … Continue reading

Posted in Banks, Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on Have You Heard About The 5 Percent Retention Rule?

Saving Fannie Mae From The Brink

Dean Baker writes: Congress voted to save Fannie Mae and Freddie Mac from bankruptcy last week. We all understand the motivation for raising the minimum wage. Tens of millions of workers working at wages at or near the minimum struggle … Continue reading

Posted in fannie mae, freddie mac | Tagged , , , , , | Comments Off on Saving Fannie Mae From The Brink

Own To Rent

Dean Baker writes: The plan: Gives homeowners facing foreclosure the option of renting their home for as long as they want at the fair market rate. The proposal does not bail out in any way lenders who made predatory mortgages … Continue reading

Posted in Home Equity | Tagged , , , , , , , , , , , , , , , , | Comments Off on Own To Rent

Mortgage Bankers Association Losing Its Fancy Digs

A few years ago, the building seemed like a great deal. Now the Association is having financial trouble and wants to refinance. On present terms, the Association is having a tough time paying its mortgage. The Washington Post reports: A … Continue reading

Posted in Articles | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Bankers Association Losing Its Fancy Digs