Saturday , 28 November 2020

Edward Pinto

Edward Pinto
Edward J. Pinto is a resident fellow and the director of the AEI Housing Center at the American Enterprise Institute (AEI). He is currently researching how to increase the entry-level housing supply for first-time buyers and renters who earn hourly wages, as well as examining the current house price boom that began in 2012. This continues his previous work on the role of federal housing policy in the 2008 mortgage and financial crisis. Along with AEI Resident Scholar Stephen Oliner, Mr. Pinto created the Wealth Building Home Mortgage, a new approach to home finance designed to provide a more reliable and effective way of building wealth than is available under existing policies. This mortgage allows home buyers to maintain a buying power similar to a 30-year loan. It is aimed at a broad range of homebuyers, including low-income, minority, and first-time buyers. Before joining AEI, Mr. Pinto was an executive vice president and chief credit officer for Fannie Mae until the late 1980s. Today, he is frequently interviewed on radio and television and often testifies before Congress. His writings have been published in trade publications and the popular press, including in the American Banker, The Hill, RealClearPolitics, and The Wall Street Journal. In addition, as the director of the AEI Housing Center, he oversees the monthly publication of the AEI Housing Market Indicators, which has replaced AEI’s monthly Housing Risk Watch and AEI’s FHA Watch. Mr. Pinto has a JD from Indiana University Maurer School of Law and a BA from the University of Illinois at Urbana-Champaign.

The Fed’s Spiked Punch Bowl

On Thursday, August 27, Fed Chair Jerome Powell announced a new strategy designed to keep interest rates exceptionally low for a longer time. This announcement turns William McChesney Martin’s punch bowl metaphor of 65 years ago on its head. In a 1955 speech, this former Fed chair described the Fed as a “chaperone who has ordered the punch bowl be removed just when …

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8th Annual AEI-CRN Housing Conference Recap

Last week, the American Enterprise Institute (AEI) and the Collateral Risk Network (CRN) held its eighth annual housing conference, which brought together 175 academics, regulators, business leaders, analysts, and industry professionals for a two-day event. Hundreds more viewed via live-streaming. After welcoming remarks, the conference began with a panel on AEI’s comprehensive set of housing market indicators. During his presentation, …

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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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