On January 18th, President Obama announced an executive order in the Wall Street Journal directing that federal agencies amend or repeal regulations unnecessarily impeding economic growth. The president wrote that the effort is intended to “…root out regulations that conflict, that are not worth the cost, or that are just plain dumb.” The president’s announcementRead More…
Last month the Senate voted unanimously to have the federal government become the nation’s home loan officer. Senators Landrieu and Isakson spearheaded an amendment to have the federal financial regulators create a new mortgage product called a “qualified residential mortgage”, and Senator Crapo expanded this task by including commercial mortgages as well. If the amendmentRead More…