future of housing finance - Articles

30 Percent Down Payment: The New Normal?

I've always been fond of news stories that are neither new nor particularly unknown, like when some local TV station runs a human-interest story on some local teen who organized a charity drive three months ago. They're cute! And they're no less cute when the Wall Street Journal runs such stories, as it did recently,... Continue Reading »

Farewell Fannie and Freddie, Hello Renter Nation

In an earlier AOL Real Estate post, I speculated that the 30-year fixed rate mortgage -- the mainstay of residential housing funding in the United States -- was on its way out. I thought that based on comments from administration officials, think tanks, and other leaders, the goal of the Obama administration was to move... Continue Reading »

Our Homeownership Society: Is It Coming to an End?

After months of processing the input from the Conference on the Future of Housing Finance, as well as countless hours of speaking with various lobbyists from innumerable organizations behind the scenes (resulting, no doubt, in the premature death of many thousands of $250 bottles of wine), the Obama administration finally... Continue Reading »

30-Year Fixed-Rate Mortgage: Will We Become a Rental Nation?

If the 30-year fixed-rate mortgage is on its way out, as I declared in Part 1 of this series, many more Americans will be living in rentals. So let's take a brief look at what the future of rentals might look like, since many of you reading this now will be renting for a lot longer than you ever imagined: Continue Reading »

Fannie Mae, Freddie Mac and Missing Real Estate Agents

It is unfortunate that the Obama administration -- you know, the most transparent administration ever? -- did not allow recording devices or cameras for broadcast into yesterday's Conference on the Future of Housing Finance. By all appearances, it promised to be high political theater, by which I mean that the entire thing... Continue Reading »

Fannie Mae, Freddie Mac Don't Work

At yesterday's Conference on the Future of Housing Finance in Washington, each panelist was asked what they would change and what would they preserve regarding the government's ongoing role in the housing sector? Their prepared responses offered the expected spectrum, from lip service to real substance. But all agreed... Continue Reading »

LIVE: Fannie Mae, Freddie Mac Will Survive in Some Form, Says Geithner

The need for a government backstop for the U.S. mortgage market will remain, Treasury Secretary Timothy Geithner told the audience at Tuesday's future of home financing conference in Washington, D.C. While the Obama administration will not issue a complete proposal until January, Geithner made clear that it is committed to... Continue Reading »

AOL RealEstate on Facebook