Ed Pinto

AEI Resident Fellow Edward Pinto was an executive vice president and chief credit officer for Fannie Mae until the late 1980s. He has done groundbreaking research on the role of government housing policies in the lead-up to the financial crisis.

Why the Johnson and Crapo "Taxpayer Protection Act" will not protect taxpayers

Wednesday, April 16, 2014

On March 16, Senators Johnson and Crapo released a discussion draft for replacing Fannie Mae and Freddie Mac. This post first appeared on The Hill's Congress Blog on March 24, 2014:

The draft bill released on Sunday, March 16 by Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) will not protect taxpayers from future bailouts.

Loan Risk at a Higher Level Than Is Conducive to Long-Run Market Stability

Wednesday, February 26, 2014

If you haven't checked out the new HousingRisk.org yet you really should. We thought we would highlight one of the recent posts by Ed Pinto of AEI. To read the article in its entirety you can find it HERE.

AEI experts report on risk ratings for federal agency mortgages securitized in January 2014, review trends for the NMRI series, and for the first time, release state-level Mortgage Risk Indices.

Too Many Americans Are In Homes They Can't Afford

Friday, October 11, 2013

If you want to understand America's foreclosure crisis, look no further than the Federal Housing Administration (FHA), the organization that insures the mortgages of nearly eight million families. Founded in 1934 in the midst of the Great Depression, the FHA was supposed to stabilize the mortgage market and generally make things better for homeowners. But something went horribly wrong.

The History of Property Valuation Practices

Wednesday, October 9, 2013

1903 to Present - Part 1

This is the first in a series of articles on property valuation theory and practice from 1903 to the present. Land economics developed as a discipline in the early part of the 20th century because the United States was rapidly urbanizing and homeownership rates and mortgage debt levels were increasing.