Tag Archives: government subsidies

What Role Should Government Play In Mortgage Industry?

A prominent Republican says the federal government should continue to play a role in the mortgage industry. This Republican leader wants to dramatically scale back the government’s role and to wind down Fannie Mae and Freddie Mac. Just as they … Continue reading

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Housing Prices Hit New Low

1pm PST. Charlie Gasparino on Fox News questions the hundreds of billions of dollars spent to fire up the housing industry. After massive government subsidies, the economy is flat and home prices are hitting record lows. What was the point … Continue reading

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Mortgage Applications Tick Up Slightly

The housing market is trying to deal with the gradual removal of government subsidies. Last year at this time, there was a big fat tax subsidy to encourage home buying. Dow Jones reports: Rates on 30-year fixed-rate mortgages averaged 4.69%, … Continue reading

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Republicans Vs Realtors On Housing Policy

I’ve heard conservative commentator Dennis Prager say that he has the same views of big business as a communist. He says that big business is immoral. They will do anything they can get away with to make a profit, including … Continue reading

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The Dismal Results Of Home Affordable Modification Program (HAMP)

Government intervention to provide cheap money, lowered lending standards and massive land-use restrictions caused the housing boom and bust. Now we have Home Affordable Modification Program (HAMP) which seeks to soften the blow of people buying more home than they … Continue reading

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Freddie Mac’s Losses Decline

That’s about the only good news that I can find in the latest figures. Freddie Mac says it does not need new federal government subsidies. The Obama administration is taking its sweet time reforming these drunk on subsidies companies. The … Continue reading

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I Want My Share Of Bailout Nation

All around me, I see folks taking advantage of bailout nation. I have friends who work for the government who have good salaries and great benefits. I see homeowners who are able to modify their mortgages with the help of … Continue reading

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The F.H.A. Tightens Standards For Mortgage Insurance

Despite massive government subsidies, the government can’t abolish the consequences of a free market. Mortgage insurance has become increasingly difficult to get during the housing crash. The major issuers of mortgage insurance have either gone out of business or substantially … Continue reading

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