MM PODCAST: From Fannie Mae to FHA – Edward Pinto Wants Government Out of Housing Finance
Edward J. Pinto
Former Chief Credit Officer, Fannie Mae
Resident Fellow, American Enterprise Institute
An executive vice president and chief credit officer for Fannie Mae until the late 1980s, Edward Pinto has done groundbreaking research on the role of government housing policies in the lead-up to the financial crisis.Â His data have revealed striking facts about the contributions of housing policy to the mortgage crisis.
Two of his major research papers have been submitted to the Financial Crisis Inquiry Commission: “Government Housing Policies in the Lead-up to the Financial Crisis: A Forensic Study,” and “Triggers of the Financial Crisis.”
Today, Ed is continuing his work on how housing policies impacted the financial crisis and researching policy considerations and options for rebuilding our housing-finance sector.Â He earned his B.A. at the University of Illinois, and his J.D. at Indiana University.
Ed and I first came in contact with each other a couple of years ago, and although we haven’t always agreed on everything, I have followed his work closely and have come to have a great deal of respect for his work and for him as a person.
On this Mandelman Matters Podcast, I ask Ed about the results of his extensive research into the FHA, which he refers to as the “new sub-prime,” and “the next bailout.”Â His extensive study of the FHA’s data in terms of leverage and default rates will flat out shock you.Â And when you hear him explain how the government is perpetuating the foreclosure crisis… well, to say it’s infuriating would be an understatement.
Okay, so make sure your speakers are turned up and I’d make sure you’re sitting down to avoid falling over when you hear some of the things Ed Pinto has to say.
This Mandelman Matters Podcast is presented in two parts.Â Part 1 is just under 60 minutes and focuses on the FHA and the big picture facts about our government’s role in housing finance, and Part 2 is about 40 minutes, and goes further into the causes of the crisis, and where Ed sees us going from here.Â
Like I said, you may not always agree with his conclusions or cures, but his research is always fascinating, his facts are bulletproof, his experience as an “insider”at Fannie Mae is invaluable… and I don’t think there’s any question that his motives are pure.Â
Just click on PART ONE below to start listening to…
From Fannie Mae to FHA –
Why Ed Pinto Wants Government Out of Housing Finance
A Mandelman Matters Podcast
And Coming Soon…
Two of Ed’s latest articles:
He can be contacted via Email at: firstname.lastname@example.org