Are We Headed for Another Disaster With Fannie and Freddie?
If the Trump administration fails to implement real reform, Main Street taxpayers could once again be conscripted into subsidizing lucrative Wall Street deals.
If the Trump administration fails to implement real reform, Main Street taxpayers could once again be conscripted into subsidizing lucrative Wall Street deals.
The former president's lawyers argued that even the square footage of his apartment was a "subjective" judgment for which he cannot be held accountable.
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
But Bank of America's Community Affordable Loan Solution program will likely be a gentrification accelerating machine.
Old rules and odd enforcement are pushing opportunities overseas.
Low interest rates ahoy!
Fifth firm penalized for manipulating rate
Three years after launch of foreclosure assistance program, only 22 percent of money has been distributed
Following decline in loan portfolio
1,800 positions in addition to 2,300 already announced
Some charging annual interest rates up to 355 percent
Had been trying to get incorrect information fixed
Includes 3.7 million mortgages
Program has helped far fewer people than predicted
Consumer banking to be separated from education loan management
Why did they even bother?
Could lead to folks paying more for cars and insurance
Banks abandon foreclosure process years after booting owners, and suddenly owners are legally liable again
Up to 220,000 borrowers affected
$10 billion settlement with 14 lenders to settle charges
After seizing homes, lenders failing to pay dues
Homes raided in investigation of interest rate manipulation
Thanks to deferred payments, one school district owes $1 billion on $100 million loan
$11.2 billion connected to mortgage-backed securities
Reason is an independent, audience-supported media organization. Your investment helps us reach millions of people every month.
Yes, I’ll invest in Reason’s growth! No thanksEvery dollar I give helps to fund more journalists, more videos, and more amazing stories that celebrate liberty.
Yes! I want to put my money where your mouth is! Not interestedSo much of the media tries telling you what to think. Support journalism that helps you to think for yourself.
I’ll donate to Reason right now! No thanksPush back against misleading media lies and bad ideas. Support Reason’s journalism today.
My donation today will help Reason push back! Not todayBack journalism committed to transparency, independence, and intellectual honesty.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges central planning, big government overreach, and creeping socialism.
Yes, I’ll support Reason today! No thanksSupport journalism that exposes bad economics, failed policies, and threats to open markets.
Yes, I’ll donate to Reason today! No thanksBack independent media that examines the real-world consequences of socialist policies.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges government overreach with rational analysis and clear reasoning.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges centralized power and defends individual liberty.
Yes, I’ll donate to Reason today! No thanksYour support helps expose the real-world costs of socialist policy proposals—and highlight better alternatives.
Yes, I’ll donate to Reason today! No thanksYour donation supports the journalism that questions big-government promises and exposes failed ideas.
Yes, I’ll donate to Reason today! No thanksDonate today to fuel reporting that exposes the real costs of heavy-handed government.
Yes, I’ll donate to Reason today! No thanks