Little Rock A headline in the Wall Street Journal marked another salvo in the vicious war that the Republicans and the Trump administration has launched on low-and-moderate income and minority families across the country. This time it was not transferring tax subsidies to the rich or attempting to eviscerate their healthcare and kill them. This …
Tag: banks
A Worrying Cycle of Housing Exploitation
New Orleans I can’t exactly prove this yet, but the pattern is pretty gross already, and if I were a bettor, I would lay odds on the outcome. This is about housing and how things slide downhill when no one is watching and no one really cares. This sad story starts with the foreclosure …
New and Better Mortgage Lending Standards Maybe
New Orleans The press is making a big deal of Mel Watt’s comments as the chief housing regulator at the Federal Housing Finance Agency to the Mortgage Bankers Association’s convention in Vegas. He claims he has a new plan to loosen up the rules so that banks finally lend some money to first-time buyers and …