Bankless America
The FDIC recently released a study that finds that 60 million Americans, a quarter of all U.S. households, are eitherContinue Reading
Tag: Subprime lending
Brownsville CDC director discusses recent changes in border low-income housing and colonias
Homebuyers buying new houses through a CDC in Brownsville, Texas have an average income of $19,000. Low-income border families, whoContinue Reading
Doggett/Henneberger diavolg on consumer protection legislation for mortgage borrowers in the Texas Legislature
Robert Doggett worked on behalf of TxLIHIS during the past session of the Texas Legislature, One of his main focusContinue Reading
The truly critical issue the Legislature failed to act on
My colleague Robert Doggett pointed out to me yesterday just how pathetic the Texas Legislature’s efforts to deal with theContinue Reading
Another voice against the attack on the Community Reinvestment Act
On October 3 Bill Moyers interviewed Emma Coleman Jordan about the mortgage meltdown and the latest cries that the CommunityContinue Reading
The big lie about the role of affordable lending goals in the collapse of Fannie Mae
The Big Lie: Fannie Mae collapsed because of Congressional affordable housing goals and this, in turn, was the cause ofContinue Reading
Shifting the blame from subprime lenders and Wall Street to the victims
It’s to be expected. Anti-government pundits and apologists for predatory lenders are spinning hard, trying to shift the blame forContinue Reading
The foreclosure resistant low income mortgage loan
The $700 billion bailout of Wall Street brought about by the subprime/ predatory mortgage debacle points out that there needsContinue Reading
Who says home equity loans are a good idea?
Who says home equity loans (second mortgages) are a good idea? Primarily the banks who pushed home equity loans intoContinue Reading
The Texas mortgage industry needs to take a hard look in the mirror
After reading Richard Bitner’s new book, Confessions of a Subprime Lender: An Insider’s Tale of Geed, Fraud and Ignorance IContinue Reading
Texas Teachers Retirement Fund speculates in subprime mortgage backed securities
Demonstrating poor judgment the Texas Teacher’s Retirement Fund announced it is planning to invest $250 million of retirement funds ofContinue Reading
An important role for state legislatures in the foreclosure crisis
Financial Institutions Committee Chairman Burt Solomon is reasonable and fair in approaching the issue of state regulation of financial institutions.Continue Reading
One perspective on the Texas foreclosure crisis
View Dr. James Gaines presentation [it takes a couple minutes to begin playing] before the Texas House financial institutions committeeContinue Reading
Dealing (or not) with the foreclosure crisis in Texas
Watch Robert Doggett’s testimony before the Financial Services Committee, or better yet watch the entire hearing. On Wednesday Robert Doggett,Continue Reading
Understanding the role of GSEs, HUD and affordable housing in the subprime crisis
A page 1 story in the Washingtom Post Tuesday laid a major part of the blame for the subprime lendingContinue Reading