Over the weekend, the United States government tried to correct one mistake with another: Under intense pressure from foreign governments – especially the Chinese government who are the single largest investor in Fannie Mae and Freddie Mac – Uncle Sam took out its checkbook. With a flourish of the pen, the Treasury nationalized these failing [...]

Real estate professionals should be upset today. A terrible blow for the integrity of the real estate industry – for housing as a foundation of personal equity and wealth, for the rule of law in mortgage lending, for simply doing good for ordinary Americans – has just been dealt by the government. A so-called “great [...]