Entries by Edward Pinto

HUD’s ‘Fair Housing’ Assault on Local Communities

The American Enterprise Institute presents a case study of crony advocacy in proposed rule writing. Please watch this video featuring experts on HUD’s distortion of local housing markets. The Department of Housing and Urban Development (HUD) released its long-awaited proposal “Affirmatively Furthering Fair Housing” in July with the intent of restructuring zoning practices in local […]

FHA’s Predatory Insurance Practices

This Issue’s Highlight FHA’s Predatory Insurance Practices The Federal Housing Administration’s (FHA’s) mortgage insurance practices qualify as predatory under the definition set out by the Federal Deposit Insurance Corporation (FDIC’s) inspector general. First, FHA mortgage insurance pricing grossly overcharges hundreds of thousands of lower-risk borrowers. Second, the FHA relies on a borrower’s lack of understanding […]