Tag Archives: government involvement

Housing Decline Worst Since Great Depression

The home ownership gap between blacks and whites has grown to its widest disparity in 40 years, erasing decades of progress by blacks. Why? Because blacks disproportionately bought subprime mortgages and when the recession hit in 2008, they often found … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Housing Decline Worst Since Great Depression

Steve Forbes Advocates Reducing Government Involvement In Mortgages

Steve Forbes write that while there may be short-term pain from winding down Fannie Mae and Freddie Mac, in the long run it will be good for the housing industry. Reduced government involvement in mortgages will mean higher down payments … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on Steve Forbes Advocates Reducing Government Involvement In Mortgages