As policymakers continue their efforts to reduce the government’s role in the currently nationalized housing market, the broadly available and deep subsidies provided to the five divisions of the Government Mortgage Complex continue to distort the marketplace and thwart these efforts.

Though its capital position improved slightly over last month, the FHA is still firmly in the red, with a current net worth of –$13.45 billion. Particularly alarming is the growth of the Ginnie/USDA division, which has a higher default rate than the FHA.

Since the beginning of the subprime meltdown, policymakers, housing experts, and economists have been looking for data that would enable them to predict housing price declines for individual states and for the nation as a whole. To date, no academic study has offered a quantitative basis for evaluating the potential...

There's nothing wrong with these loans, but there's no good policy reason why taxpayers should subsidize them.

Switching from the current income tax to a consumption tax would cause only modest declines in the prices of stocks and owner-occupied homes.

Most Americans have not experienced any significant decline in the value of their homes, nor are they likely to.

Contrary to the popular misconception, the growth rate of national health spending has been dropping for a decade.

The Dodd-Frank Act created a heavy workload for financial regulators. Regulatory agencies are now researching and drafting over one hundred reports mandated under the Act, and writing the specific language to implement the regulatory details of a long agenda of mandated financial reforms.