Wednesday , 18 September 2019

Edward Pinto

Edward 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.

The History of Appraisals

Many say “history always repeats itself” and in the case of appraisals, it may be for the best. We sat down with Edward Pinto, the Co-Director of AEI’s Center on Housing Markets and Finance as he shares with us his discoveries from the original FHA forms. Dating back to the 1900’s Ed found the tools needed to bring the appraisal process …

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First-Time Buyer Indices update on November 2017 data

This article was first published in AEI by Edward J. Pinto. The American Enterprise Institute’s Center on Housing Markets and Finance released an update to its indices on mortgage lending practices on February 26, 2018. The release, which covers home mortgage loans originated between September 2012 and November 2017, focused on the First-Time Buyer Mortgage Share and Mortgage Risk Indices …

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Trump Administration’s Indefinite Suspension of FHA’s Pending Premium Cut is Good News

Trump Administration’s Indefinite Suspension of FHA’s Pending Premium Cut is Good News

Trump Administration’s Indefinite Suspension of FHA’s Pending Premium Cut is Good News for Both First Time Homebuyers and Taxpayers On January 20, 2017 HUD issued Mortgagee Letter 2017-07 which suspends Mortgagee Letter 2017-01 dated January 9, 2017. Mortgagee Letter 2017-01 would have reduced annual mortgage insurance premiums on home purchase loan by 25bp, with a larger premium reduction for loans …

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National and State Mortgage Risk Indices Update

Mortgage Risk Index – August 2015 Update The composite National Mortgage Risk Index (NMRI) for Agency purchase loans stood at 12.09% in July, down 0.2 percentage point from the average for the prior three months, but up 0.6 percentage point from a year earlier. The monthly composite has increased year-over-year in every month since January 2014. Agency loan originations continued …

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