Posts with tag timothy geithner

Last week, the attorneys general of all 50 states, together with federal regulators, proposed a 27-page settlement to the robo-signing scandal that triggered the foreclosure crisis. Predictably, the lending community responded with a distinct lack of enthusiasm to the terms. On top of that, on Wednesday, congressional... Continue Reading »

In my previous article I outlined some of the now historical flaws in the housing finance system as discussed by certain panelists at the recent Future of Housing Finance Conference in Washington, specifically the misalignment of objectives within Fannie Mae and Freddie Mac, which led to their systemic failure. Now I'd... Continue Reading »

The big takeaway from today's "Future of Housing Finance" conference at the U.S. Department of Treasury was that everybody agreed to agree – more or less. It was a given that Fannie Mae and Freddie Mac will be put into retirement, eventually. As Treasury Secretary Timothy Geithner said in his introductory remarks,... Continue Reading »

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 »

The government wants to get out of the mortgage business. But can they do it without bringing a halt to what is already a stalled housing market? This morning, industry leaders are discussing ways to reform Fannie Mae and Freddie Mac as part of the Conference on the Future of Housing Finance, which is being... Continue Reading »