A reverse mortgage for seniors is a reasonable idea, but should not be guaranteed by the Federal government. It is an ownership decision and the Federal government must stop trying to micromanage this decision, particularly since there is an easy alternative that does not require government guarantees.
Let us be wary of creating another Jurassic Park policy change. We are in unchartered waters for housing finance and Federal Reserve policies and any further changes should be enacted with extreme caution.
After billions of dollars have been spent, Hope VI and this bill should focus on a better way to help the poor rather than “a lick of paint” approach public housing. After all, $350 million is a drop in the proverbial bucket…
Anthony Sanders testified before the U.S. House Committee on Oversight and Government Reform Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs on the role of the U.S. in addressing the European debt crisis.
Anthony B. Sanders testified before the Senate Committee on Banking, Housing, and Urban Affairs - Subcommittee on Housing, Transportation, and Community Development about transparency and accountability in foreclosure appeals.
Anthony B. Sanders testified before the Senate Committee on Banking, Housing, and Urban Affairs, Subcommittee on Housing, Transportation, and Community Development about potential policies to refinance and restructure mortgage loans.
This program discusses the merits and viability of ideas to stimulate the economy, including borrowing from retirement accounts to pay credit card debt, creating a federal sales tax and making it easier to get small business permits.Guests are Dean Baker, co-director of the Center for Economic and Policy, and Anthony B. Sanders, a professor of real estate finance at George Mason University.