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Archive for August 11th, 2009

Elizabeth Warren: Pointing Out Problems, Offering No Solutions

Elizabeth Warren weighed in today with her assessment of the reason for the slow pace of loan modifications as well as the banks’ purported reluctance to lend. In her opinion it’s a problem caused by accounting rules. Business Week reports that Warren is of the opinion that accounting changes that permit banks to value their [...]

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FHA’s Growing Problems

Have we learned anything about the risks of mortgage lending over the past couple of years? If a Wall Street Journal article is to be believed, the answer is no. The Journal focuses on the spectacular growth of FHA since Fannie and Freddie melted down and the troubling signs accompanying that growth: Only last week, [...]

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