All Posts Tagged With: "mortgage lending"
Bailing Out Statism
The key to understanding the saga of Fannie Mae and Freddie Mac—the recently nationalized twin government-sponsored enterprises (GSEs) that dominate home financing—is this: They were set up—intentionally—to distort the housing and mortgage markets. Government planners were not content to let voluntary exchange and spontaneous market forces configure those industries unmolested. So—holding the taxpayers hostage—they intervened. [...]
20Jan2009 | Sheldon Richman | 12 comments | ContinuedCan the Feds Save the Housing Market?
Government Solutions Will Only Make Matters Worse
1Jun2008 | Robert P. Murphy | 13 comments | ContinuedHow California’s Consumer Laws Legalize Extortion
Barry Zanck, owner of a small mortgage company in Newport Beach, California, says he had never had a complaint lodged against his business. So he was shocked when he was named, along with a dozen other mortgage-related companies, in lawsuits filed last year by a prominent southern California law firm. “The unlawful, unfair and fraudulent [...]
1May2003 | Steven Greenhut | 2 comments | Continued-
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