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Mel Watt

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  • Land bank wants Fannie, Freddie to donate homes

    Land bank wants Fannie, Freddie to donate homes
    The Cook County Land Bank may have as many as 30 properties in its portfolio by year's end, but it is aiming much higher for 2015 and expects Fannie Mae and Freddie Mac to help its efforts.
  • Some homeowners miss out on housing recovery

    Some homeowners miss out on housing recovery
    Scott and Caroline Schmauderer know all the acronyms and the nitty-gritty details of the federal government's various programs to help homeowners like themselves, whose plans were derailed by the housing bust. They read up on loan modifications, but...

    How to avoid the next housing bust

    The boom-and-bust in the housing market has ruined lives, wiped out vast amounts of wealth and taught some hard lessons — including at least one that Congress has seen fit to ignore: Fannie Mae and Freddie Mac have got to go. These huge,...

    The housing market is still a drag on the economy--but why?

    Housing has stood out as the sick man of the U.S. economy in bad times and better times. For all its work on economic stimulus in various forms, the Obama administration has never been able to get its hands around a solution for the housing crash. That'...

    Fannie and Freddie's steep fees hurting home buyers, critics say

    WASHINGTON — When you're raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn't you lighten up on fees a little for everyday folks who'd also like to buy? That's a question increasingly being posed...