Government
The homepage of the Department of Housing and Urban Development (HUD) is the single most comprehensive resource for learning about the government’s role in the housing sector. Here you can read about the history of HUD, find information about its different program offices, and even learn all about what Uncle Sam is doing in your state.
The Congressional Budget Office (CBO) archives budgetary analysis of all legislation that affects the housing crisis. The CBO’s Overview for Federal Support of Housing and its Budgetary Treatment of Fannie Mae and Freddie Mac are both particularly germane, though admittedly dense.
The Federal Housing Administration (FHA) is another source worthy of examination. You can trace the evolution of the FHA after the Great Depression and familiarize yourself with financial and mortgage jargon so that you can better understand the news.
To a lesser extent, the Securities and Exchange Commission homepage also provides valuable information about the government’s role regarding financial regulation, including a list of regulatory legislation and corresponding summaries.
History
The History News Network is always a great resource for reading about current events within a historical framework. Rob Alford skillfully traces the Origins of Fannie Mae and Freddie Mac and Ed Koch offers this admonition about what lessons we ought to take away from the mortgage crisis.
Robert Toplin, professor of history at UNC-W attributes the market failure to a lack of oversight and regulation . Andrea Young compiled this hodgepodge of quotes about the mortgage crisis from leading economists.
Housing Crisis in the News
The New York Times consistently provides the best up-to-the-minute analysis and commentary about the mortgage crisis.
These Times Topics pages offer a detailed treatment of both the origins of Fannie Mae and Freddie Mac and their subsequent privatization, collapse, and re-absorption by the federal government.
Their plethora of editorials are also very informative. This piece elucidates the rising cost for tax payers of supporting the mortgage giants, while another examines the decrease in housing prices.
Check daily for the latest stories.
The National Association of REALTORS is also a great source. You can follow the issues that real estate professionals are tracking at https//www.realtoractioncenter.com. We also have great resources more...
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