How will Washington’s housing “fix” entrench debt, inflate prices, and undermine the American Dream?
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Report: The Case Against 50-Year Mortgages
Topic: The Wall Street Journal
American business-focused daily newspaper
The Mortgage Bankers Association’s slow, self-serving defense of the 30-year mortgage proves that lifetime debt, not homeownership, is the product they’re really selling.
In his letter responding to my column in The Wall Street Journal, “The Case Against 30-Year Mortgages,” former Freddie Mac executive David Andrukonis defends the 30-year fixed-rate mortgage as a transparent, borrower-friendly product. In “A Confused Case Against 30-Year Mortgages,” he argues that such loans are fully prepayable, giving homeowners flexibility to refinance or pay […]
The responses to my article for The Wall Street Journal “The Case Against 30-Year Mortgages” keep coming… They’re thoughtful, challenging, and occasionally humbling. What started as a critique of an outdated lending standard has evolved into a larger conversation about financial literacy, honesty in measurement, and the way we misunderstand the true cost of money. […]
When The Wall Street Journal published my op-ed, “The Case Against 30-Year Mortgages,” I expected disagreement. What I didn’t expect was the flood of thoughtful, funny, and occasionally fiery responses from readers across the country. Read the full series here. Some wrote to debate, others to commiserate, and a few to wonder aloud whether the […]
After my recent op-ed in The Wall Street Journal, “The Case Against 30-Year Mortgages,” readers had plenty to say. Some were critical, most were kind, and many brilliantly insightful. Below is a selection of responses, shared anonymously for privacy, that reveal how deeply Americans feel about the strange alchemy of homeownership, debt, and the illusion […]
If CFPB found a financial institution had suffered a data breach of a similar magnitude, the fines and fees would be astronomical.
A new reactor serves ratepayers — but not here.
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Report: No Loan for You, Too!
The unintended consequences of price controls on consumer access to credit.
Greg Brooks, a veteran public policy and public affairs professional with over 30 years of experience, has joined the Institute’s Board of Directors.