Kevin Villani, chief economist at Freddie Mac from 1982 to 1985, is an economic and financial consultant and a principal of University Financial Associates LLC.

Politics, Social Engineering Cloud GSE Debate
May 6, 2013 The federal government is now even more involved in the design, pricing, allocation and servicing of home mortgage credit than...

Economy Will Survive Fiscal Cliff, But Not Fiscal Profligacy
December 21, 2012 Loans with little or no down payment were the root cause of the recent financial crisis. The failure to save for health care...

Yes, Subprime Crisis Was Government's Fault
August 22, 2012 The effects of a loose monetary policy were compounded by housing policy – not just the "affordable" housing goals set...

Regulators Should Zero In on Strong, Clear Capital Requirements
May 29, 2012 If regulators had imposed appropriate capital requirements, the subprime lending debacle and resulting financial crisis would...

Road to Fiscal Folly Is Paved with Good Intentions
May 9, 2012 We need pro-growth reforms that fix the numerous tax, expenditure and regulatory policies that undermine individual...