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For decades, the United States government, pushed by its business partners in the financial and real estate world, “marched the nation into a delusion.” The fantasy is that we can create wealth for millions of homeowners by enriching investors, brokerage and mortgage companies and Wall Street bankers “to the fullest extent possible with few boundaries.”

The current foreclosure crisis that is sweeping our country illustrates how vulnerable homeowners are — especially low- and moderate-income households. Some reports estimate that over 40 percent of foreclosures are […]

Once again the top 1% score big with the mortgage interest deduction The current debate over several Republican flat tax proposals has renewed public attention on the mortgage interest deduction […]

The improved Home Mortgage Disclosure Act can be a tool for fighting predatory lending, but it could and should go further.

Since being taken into conservatorship, Fannie Mae and Freddie Mac, the two U.S. housing mortgage giants, have been treated as unwanted orphans. The massive size of their taxpayer bailouts was […]

While a lot of attention has been paid to emergency rental assistance, foreclosure relief funds are also being distributed at the state level—and are also having mixed results getting to those who need them.

Despite some new reforms, low-income households buying homes outside the traditional mortgage market are still at tremendous risk—and often legal limbo.

Not many of us can say with any degree of certainty that we know what it is we were truly meant to do. We count ourselves lucky if we end […]

Talk of tax reform has reached a fever pitch, but most Americans don’t realize just how high the stakes are and what impact the final legislation could have on their own financial security for years to come.

As the U.S. emerges from the housing crisis, the fundamental architecture of mortgage markets is being decided. Although it is sometimes hard for community developers to think about topics as […]

The proverbial American dream of owning a home has become an all-too-real nightmare for a growing number of families. Take the case of Florence McKnight, an 84-year-old Rochester widow who, […]

Today, Representative Scott Garrett, R-N.J., chair of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, introduced the Private Mortgage Market Investment Act, which aims to encourage private capital […]