Housing Wire, November 18, 2011
Wall Street Journal letter to editor, November 1, 2011
New York Times, October 18, 2011
All the Devils Are Here, by Bethany McClean and Joe Nocera;
published in 2010
Judy was extensively quoted in this book; one example from pg 10:
"Putting triple-A subprime securities on its books was, like some of Fannie's other mothods of meeting its housing goals, a stupid pet trick. It didn't help low-income Americans buy homes. Because the GSEs weren't determining which loans they would buy, they lost the opportunity to enforce any standards on the lenders. And, as housing advocate Judy Kennedy points out, putting subprime securities on its books was a perversion of its affordable housing mission. From the government's perspective, GSEs existed to buy up loans to poor and middle-income borrowers -- even if that came at the expense of its profits. By buying up Wall Street's securities, GSEs were able to earn more of a return on their affordable housing investments, rather than less."
Affordable Housing Finance Magazine, September 2011
New York Times, August 16, 2011
American Banker, May 16, 2011
Inside Mortgage Finance, April 15, 2011
American Banker, March 15, 2011
New York Times, January 28, 2011
New York Times, August 23, 2010