LIHTC and GSE programs both use the same flawed system for determining whether a project is “affordable,” revealed David Brickman, former CEO of Freddie Mac.
Local concentration of mortgage lending may not raise interest rates, but it does increase fees and points, especially for low-income and minority borrowers.
FBOP, a bank holding company whose subsidiaries once owned nearly $1 billion in GSE shares, has joined the ranks of plaintiffs suing the government for destroying the value of those shares. Is it too late?