Testimony on dangers posed by FHA

Today at 9 AM, American Enterprise Institute (AEI) housing expert and former vice president and chief credit officer of Fannie Mae, Edward Pinto, will testify before the full House Financial Service Committee hearing - “Examining the Proper Role of the Federal Housing Administration in Our Mortgage Insurance Market.”  In his testimony, Pinto will discuss the “triple threat” posed by the FHA’s lending practices that are leading to extraordinary failure rates in over 9,000 zip codes across the nation: collateral damage to working-class families and communities, FHA insolvency that is exposing taxpayers to bailout risk, and slows the return of private capital and blocks housing finance reform.

His full testimony can be found here.

To arrange an interview or to speak on background with Ed Pinto, please contact MediaServices@aei.org (202.862.5829).

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About the Author

 

Edward J.
Pinto
  • American Enterprise Institute (AEI) resident fellow Edward J. Pinto is the codirector of AEI’s International Center on Housing Risk. He is currently researching policy options for rebuilding the US housing finance sector and specializes in the effect of government housing policies on mortgages, foreclosures, and on the availability of affordable housing for working-class families. Pinto writes AEI’s monthly Housing Risk Watch, which has replaced AEI’s FHA Watch. Along with AEI resident scholar Stephen Oliner, Pinto is the creator and developer of the AEI Pinto-Oliner Mortgage Risk, Collateral Risk, and Capital Adequacy Indexes.


    An executive vice president and chief credit officer for Fannie Mae until the late 1980s, Pinto has done groundbreaking research on the role of federal housing policy in the 2008 mortgage and financial crisis. Pinto’s work on the Government Mortgage Complex includes seminal research papers submitted to the Financial Crisis Inquiry Commission: “Government Housing Policies in the Lead-up to the Financial Crisis” and “Triggers of the Financial Crisis.” In December 2012, he completed a study of 2.4 million Federal Housing Administration (FHA)–insured loans and found that FHA policies have resulted in a high proportion of working-class families losing their homes.

    Pinto has a J.D. from Indiana University Maurer School of Law and a B.A. from the University of Illinois at Urbana-Champaign.

  • Phone: 240-423-2848
    Email: edward.pinto@aei.org
  • Assistant Info

    Name: Emily Rapp
    Phone: 202-419-5212
    Email: emily.rapp@aei.org

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Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
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Thursday, April 24, 2014 | 12:00 p.m. – 1:30 p.m.
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Friday, April 25, 2014 | 9:15 a.m. – 1:15 p.m.
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