Jason Gold

Jason Gold is the director of the Progressive Policy Institute’s “Rebuilding Middle Class Wealth Project” and senior fellow for financial services policy.


Op-eds and Articles

By / 7.17.2013

It is looking more likely that the comprehensive immigration bill the Senate passed last month will end up stalling in the GOP-controlled House. Although Republican partisans probably don’t realize it, killing immigration reform could do serious collateral damage to the housing recovery. Most economists believe that bringing 11 million undocumented immigrants out of the shadows […]

Op-eds and Articles

By / 7.10.2013

Last week, New York Attorney General Eric Schneiderman started looking into the controversial new practice of issuing workers debit cards in lieu of paychecks. The practice first came to light last month when an employee of a McDonald’s franchise in Pennsylvania sued over being forced to accept pay in the form of debit cards. Soon […]

Op-eds and Articles

By / 7.3.2013

Mortgage rates have been scraping the cellar floor in recent years, bottoming out at around 3.5 percent for 30-year loans. Economics 101 says cheap money can’t last forever and, sure enough, goverment backed mortgage giant Freddie Mac reported last week that fixed rates jumped, now up a full percentage point, to 4.5 percent For the […]


By / 5.31.2013

Senate Republicans are drawing a bead on Rep. Mel Watt (D-NC), President Obama’s pick to take over as Director of the Federal Housing Finance Agency(FHFA). A key reason is that Watt supports principal reduction, which is anathema to the GOP. It would be a shame, however, if Watt’s confirmation were scuttled over a dispute that […]


By / 5.29.2013

As the New York Times reported yesterday, the housing market is recovering, consumer confidence is at a five-year high and the market is in the midst of a strong recovery– The housing market is enjoying sustained momentum alongside record highs in the stock market, and is leading the broader recovery. Fannie Mae and Freddie Mac […]

Op-eds and Articles

By / 5.22.2013

If confirmed by the Senate, Rep. Mel Watt, D-N.C., will replace Ed DeMarco, the current – and controversial – acting director of the Federal Housing Finance Agency. While Democrats have been calling for DeMarco’s head for years as he has pushed back on more extreme housing remedies, Republicans have quietly supported DeMarco’s decisions. But the […]


By / 5.6.2013

Credit rating agencies (CRAs) are supposed to be hard-eyed accountants whose job is to assess credit risk. But they also got swept up in the euphoria that swelled the housing bubble, failing with the Fed and other market participants to predict the extent of the housing crash. That’s partly because they over-extended the use of […]

Op-eds and Articles

By / 5.2.2013

Housing is center stage in the news and around the water cooler again, with newspaper and magazine stories dissecting minute fluctuations in home prices and questioning if this is the right time to buy a home or whether Americans should ever own real estate again. The experts and economists quoted in these pieces are smart […]

Op-eds and Articles

By / 4.24.2013

Writing for US News & World Report, Jason Gold notes that the Federal Housing Administration is outperforming most analysts expectations. Normally a small part of the mortgage landscape, the Federal Housing Administration dramatically expanded lending in 2008 when the housing bubble burst and private capital fled. While progressives hail the FHA’s role as key in […]

Op-eds and Articles

By / 4.10.2013

They may be in federal conservatorship, but a funny thing is happening to the two “troubled” mortgage giants, Fannie Mae and Freddie Mac: They are making tons of money. It’s enough to give federal bailouts a good name. With double-digit home price appreciation and more buyers coming off the sidelines, there have been fewer defaults […]