Tag Archives: Taxpayers

As Chairman of USMI, Bradley Shuster plans to continue to champion the role of private insurance in facilitating low down payment lending and protecting taxpayers against mortgage risk.

Saying that the “status quo is not a viable option” on the current conservatorship of the GSEs Sen. Mike Crapo and the Senate Banking Committee heard the testimony of Melvin Watt, Director, FHFA on the status of the housing finance system. Here’s what he had to say.

Edward Demarco challenges the issue of taxpayers guaranteeing repayment for three out of every four mortgages by suggesting that Fannie Mae and Freddie Mac be reformed and removed from taxpayers pockets.

In the last eight years, Fannie Mae and Freddie Mac have guaranteed at least half of all new mortgage originations. In a report released on Thursday by the Urban Institute (UI), authors Laurie Goodman, director of Housing Finance Policy Center at UI and Karan Kaul, a research associate at UI determined that the two GSEs play an important, indisputable part in the U.S. mortgage market, but also pose a huge risk to taxpayers.