Categories

Some Affordability Finally Coming to Mortgage Lending but Is Fraud Protection Enough?

New Orleans    The new Consumer Financial Protection Bureau (CFPB) released its outline of new mortgage lending rules that will take effect in 2014.  The new rules are interesting, though in some ways not reassuring.

After years of arguing with big banks and subprime houses that “affordability” had to be the key test regardless of all of [...]

Governments and Housing: Mortgage Reform in the US and Formalization in Quito Norte

housing in Quito Norte

Quito     Housing was on my mind.

I spent hours yesterday in a pickup riding the steep roads and byways of Quito Norte with our team and local barrio leaders in the area, four up front and three in the back.  We traveled more than a dozen kilometers up, down and around the mountain [...]

The Destruction of Citizen Wealth

New Orleans    It is hard to miss the markers of the precipitous slide of US citizen wealth flowing from the Great Recession.  New figures from the Census Bureau indicate another dive for the 4th straight year (obviously starting in 2007 in the Bush era).  We now stand a hair above $50,000 in median household [...]

ACORN and Zombie Politics: Housing and Debt

New Orleans        Treme is not the only Louisiana based hit on HBO.  The bigger attraction set in Shreveport and neighboring communities is True Blood of course.  I would have thought that ACORN was a natural for Treme, but the more I watch it, the more I realize this is a soundtrack [...]

$300 House Might be a Disaster Solution, Not a Social Solution

New Orleans I read all of these stories about cheap, modular construction in various designs from assorted materials.  I find them fascinating and quaint.  Mainly, I read them to give me ideas for how to rebuild our fishing camp across Lake Pontchartrain or to plant in the mountains or woods as a retreat somewhere.  [...]

Obama Trapping Right on Fannie

Mexico City My money says that if Treasury Secretary Geithner is designated to make the announcement on the Administration’s future plans for the housing finance mortgage guarantors Fannie Mae and Freddie Mac, it should be understood as a message directly to Wall Street and the housing industry, and therefore indirectly to the Republicans and the [...]