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Securitization is essentially a financial production factory. Consistency in the manufacturing process, which minimizes defects and hence promotes investor interest in the product, would allow the business to prosper again.
January 3 -
Policymakers should focus less on the government's retreat from the mortgage market and more on creating the kind of investment environment needed to attract significant private capital.
March 4 -
Fears that lower Federal Housing Administration premiums will negatively affect private mortgage insurance firms are overblown. If anything, the plan should be a modest positive for the overall housing market.
January 13 -
A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.
November 17
The U.S. Department of Housing and Urban Development recently announced that the Federal Housing Administration will reduce the
This move, combined with Fannie Mae and Freddie Mac's decision to
The government has
Both market professionals and government officials, including former FHA acting director Edward DeMarco, claim to agree that the government's market share
It's hypocritical to say one thing and do another. The actions of the FHA and the government-sponsored entities suggest that the government feels the housing market is too important to be left in the hands of the private sector. But with the U.S. homeownership rate at its
James Frischling is president and co-founder of the financial services consultancy NewOak. This piece is adapted from an