Felix Salmon links to a post by Barbara Kiviat asking: If the government wants to build more incentives for affordable rentals, and more and more people will need to live in rentals since the housing bust, who is going to rent out all those houses?
Another principle most participants in the “Future of Housing Finance” Treasury Department conference agreed on: The country needs more, better rental housing. But what kind of rental housing? In Newsweek, Alyssa Katz writes about a federal voucher program for low-income families. The families can use the vouchers in any More…
Via Scott Reckard at the L.A. Times, two companies released national reports yesterday showing a decline in serious mortgage delinquencies, when homeowners are more than two months behind on payments.
TransUnion said that serious delinquencies fell for the first time in three years in the first quarter, to More…
Testifying to the Financial Crisis Inquiry Commission, former Fed Chairman Alan Greenspan and former Citigroup executives Robert Rubin and Charles Prince passed the buck. Rubin and Prince said they could not have understood Citigroup’s extraordinary exposure to the housing market or recognized the risk the bubble posed any earlier. More…
As a House committee begins tackling major financial regulatory reform, consumer advocates find themselves shaking their heads over why something that should have been a slam dunk — reining in the financial industry in the wake of the subprime crisis — has turned into a hard-fought battle More…
If you are a renter or someone who took out a simple 30-year fixed mortgage, it’s not surprising that you might feel like the mortgage crisis is, well, not exactly your problem. You’re not the one who got into any sort of messy mortgage. What does a subprime loan have More…
At the end of a five-hour excoriation of CEOs at credit-rating agencies, Rep. Chris Shays (R-Conn.) said to the heads of Moody’s, Standard’s & Poor’s and Fitch: “Remember, we’re speaking from an institution, Congress, with lower ratings than yours.”
Congress doesn’t know what its next step will be in regulating More…
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