Goldhaber Policy Services, LLC

Developing Strategies & Shaping Policy for Effective Outcomes

Author: Jody

FHA Cash-Out Refinances: Danger Ahead

The most recent Annual Report on the Financial Status of the Mutual Mortgage Insurance Fund for FY 2017 was the proverbial tale of two programs: the forward program which is much larger and has an improving capital ratio, and the very troubled home equity conversion program (HECMs) with a whopping negative capital ratio of 19.84% – clearly a program in need of radical change or shuttering.

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Over the days since Charlottesville I have listened, watched and reflected on a number of echoes from the past. As the son of an Auschwitz Holocaust survivor, and a boy with early memories of being placed in front of a TV to watch news reports of the trial in Israel of Adolph Eichmann, one of the organizers of the Holocaust, equivocation about hate groups is unacceptable to me.

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Fannie-Freddie’s Watt Making Few Changes Irks His Allies

By Clea Benson
(Bloomberg, 10/1/14)

After a speech to bankers in Raleigh, North Carolina last month, Melvin L. Watt, chief regulator of Fannie Mae and Freddie Mac, called on a man in the back of the hotel ballroom.

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Fannie Mae and Freddie Mac Guarantee Fees Comment Letter

August 26, 2014
Mr. Joseph Prendergast
Manager of Policy Research
Federal Housing Finance Agency
Office of Policy Analysis and Research
400 7th Street SW, Ninth Floor
Washington, DC 20024

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Rebuilding Trust and Community Equity

By Mark Goldhaber and James Bennison
(Carolina Banker, Spring 2013)

As the economy slowly recovers, assessing the recession’s damage is obvious and overwhelming in too many neighborhoods. Individuals and institutions have suffered significant financial and personal loss over the last four years. Millions of Americans have lost homes. Millions more have seen credit scores plummet forcing foreclosures and have seen homeownership either become significantly more expensive or out of reach altogether.

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How to Get Buyers Into Homes

By Mark Goldhaber and James Bennison
(News & Observer, 1/19/13)

While there are many signs that our battered economy is slowly recovering, the nation’s home purchase market still lags behind. Without fundamental changes, it will not return as millions of potential and deserving homeowners continue to be shut out of the market.

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Higher Mortgage Fees Proposed in Five States

By Nick Timiraos And Alan Zibel
(Wall Street Journal, 9/20/12)

The federal regulator for Fannie Mae and Freddie Mac will propose Thursday charging slightly more for all mortgages in a handful of states where it takes longer for banks to foreclose.

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Extend and Broaden the Mortgage Debt Relief Act Now

By Mark Goldhaber and Julia Gordon
(American Banker, 9/5/12)

Last month, the federal conservator of Fannie Mae and Freddie Mac issued significant new policies streamlining the process for short sales, through which underwater borrowers can sell their home for less than what they owe on their mortgages.

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FHA’s Funding Woes Add Momentum to Housing Finance Overhaul

By Clea Benson
(Bloomberg News, 1/8/12)

Financial troubles at the Federal Housing Administration are stirring political momentum for changes to the U.S. government role in mortgage finance, even as Fannie Mae, Freddie Mac and the housing market are recovering.

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