Every day there is a new article on the housing crisis and every day there's a new offered solution. Since everyone else is doing it, I figured it's time for me to throw my idea into the ring: My Idea: The U.S. Government should set up another Government Sponsored Enterprise (GSE) charged with providing liquidity and stability to U.S. housing's jumbo mortgage market. Jumbo mortgages are necessary on loan amounts above $417,000 to $625,500 depending on the affordability of homes in each market. If we look back … [Read more...]