2 hope

2 hope

Photo by Vaory Photography on Unsplash   I see you through the window through the rain outside on the sidewalk shifting from one foot to the other hesitant to knock.   God dropped you off this morning, didn’t he? And you’ve never been here before (in my...

Political capture

Photo by Sabrina Mazzeo on Unsplash No book that deals with the GSEs is complete without mention of the steel-knuckled political charades Freddie and Fannie played when they were at the zenith of their powers. The supporting actors and thickening plot with its...
Are we happy yet?

Are we happy yet?

Photo by Everton Vila on Unsplash Imagine you’ve just landed from Mars and you picked up a newspaper or created a Twitter account to learn about your new locale. You’d see passing mention of hurricanes, floods, violence, environmental degradation, trade wars and...

Skin in the game

For a safe mortgage system, every participant needs to have capital at risk, or what the industry calls skin in the game. When house prices began rising a lot in 2004—double digit annual growth in certain fast-growing markets—lenders pressed the GSEs to relax the...
A plea for those in harm’s way

A plea for those in harm’s way

Universe-making God who set the boundary of the seas and Jesus, Son of Man, who walked on them have mercy on the millions of people, animals and things caught in the path of destructive storms and floods.   As Florence unleashed her trillion gallons on North...