This article originally appeared in Bloomberg Government. Click here to read the full article. By Ike Brannon and Mark Calabria When a family buys a home in the United States, they typically finance the purchase by obtaining a loan at a local bank or mortgage broker, which will take that 30-year promise of monthly payments … More BNA INSIGHTS: Can the Private Market Return to Home Lending?
This article originally appeared in The American. Click here to read the full article. By Ike Brannon What will Republicans do with both houses of Congress in 2015? Republicans — and a few Democrats — have expressed interest in taking a new look at the Dodd-Frank Act, the landmark 2010 legislation that completely altered the … More Congress Should Help Small Communities by Amending the Dodd-Frank Act
By Ike Brannon and Mark Calabria On Tuesday the Senate Banking Committee will be voting on legislation to reform our current system of government-sponsored enterprises (or GSEs) in the housing market and their role in helping to finance home mortgages, with the full Senate possibly voting as well later this year. And not a moment … More Reforming The Government’s Housing Finance System Without Fixing It
This article originally appeared at the Weekly Standard. Click here to read the full article. By Ike Brannon Should the government give different protections to different classes of property owners based on a politician’s ability to demonize them? The Senate Banking Committee may weigh in on this matter when it considers a proposal to reform … More Rule of Law For Me, Not For Thee
This article originally appeared at Cato. Click here to read the full paper. By Ike Brannon and Mark Calabria The passage of the Housing and Economic Recovery Act in July of 2008 expanded the federal government’s authority to place Fannie Mae and Freddie Mac into conservatorship. As exercised, under the conservatorship the government secured the … More The Paths to Mortgage Finance Reform and Their Budgetary Implications
This article originally appeared at National Review’s The Corner. Click here to read the full article. By Ike Brannon Last month, the federal government fully extricated itself from its investment in General Motors, selling its remaining shares on the stock market. The government injected almost $50 billion into the company to save it from a … More How the Obama Administration Stole Fannie and Freddie
This article originally appeared in Forbes. Click here to read the full article. By Ike Brannon Nothing exemplifies the cost of crony capitalism like Fannie Mae and Freddie Mac. For years these fiefdoms were run as little more than as piggy banks for connected politicians, who could count on substantial financial support for re-election, and … More Fannie Mae And Freddie Mac Exemplify The Horrors Of Crony Capitalism