The alarm bells are now ringing for the Federal Housing Administration, with delinquencies increasing.  The immediate and pressing issue is the safety and soundness of FHA today and the risk it poses to the taxpayer.  

Fannie Mae's recent 10-K annual report filing with the Securities and Exchange Commission showed losses on derivatives of approximately $7 billion, a very large loss, but considerably less than press speculation. But the 10-K filing did not entirely put to rest the many questions about Fannie's accounting and whether the...

Reform focused on sustainable lending would have FHA target a projected average claim rate of 5 per 100 insured loans under normal circumstances and 10 per 100 insured loans under stress circumstances.  This rate is about five times the normal default level for prime loans and about half the FHA's traditional default level under normal circumstances.

Congress should fix the grant program so that money is allocated strictly based on risk. The security of our nation depends on it. Unfortunately, the Senate bill does not achieve that goal.

Is raising the minimum wage a bad idea?

The mission of the Department of Homeland Security to prevent another September 11, not to subsidize local fire stations so they can buy health club memberships.

Money should be spent on homeland security based on risk management rather than politics.

Sentencing can be improved, and some penalties are too high, but if the reformers get their way, expect one thing: higher violent crime rates.