| May 18, 2011 1:28PM One obvious lesson we've all learned from the ongoing mortgage crisis: everyone loses when consumers are unable to determine if they can afford to pay back their loans. Unfortunately recent government regulations have made credit products, especially mortgages, even more opaque with mandated disclosures in obscure legal language produced in small type. As a result, an extra burden has been imposed on lenders while providing no additional benefit to consumers. Transparency is critical and today much... May 16, 2011 1:16PM Two lawmakers have introduced bipartisan legislation that would eliminate Freddie Mac and Fannie Mae while still keeping a government presence in the housing finance marketplace. HR 1859 , "The Housing Finance Reform Act of 2011", is sponsored by Congressmen Gary Peters (D-MI) and John Campbell (R-CA). According to the official release , the legislation would: Ensure the availability of reasonably priced conventional mortgages. Provide incentives for private sector capital to support the secondary...
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