ACC Archives

Tag: HUD
Texas Sized Bi-Partisan Cronyism in Galveston

This piece comes to us from Norman D. Pappous Councilman – City of Galveston; District 4 who reached out to me over the weekend. According to Mr. Pappous the Feds and the State of Texas are leaning heavily on the City...

Stealth Bailout for the Big Banks, Write Downs

In yesterday’s New York Times Gretchen Morgenson examines the plight of Ed DeMarco who is the acting director of the Federal Housing Finance Committee. He has suffered the slings and arrows of many in Washington because he hasn’t forced Fannie...

FHA Is Screwing Up the Housing Market Even More

Peter J. Wallison and Edward J. Pinto at the American Enterprise Institute delve into the accounting practices of the Federal Housing Authority which has risen to new prominence in the wake of the Freddie and Fannie dual implosions. It’s not...

Mortgage Market Follies

As the article below points out, 20% of all the new American mortgage loans made in 2012 are expected to be financed with the Fed’s money created out of thin air. It’s not that the Fed will be printing new...

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