An experienced researcher and member of the housing industry since the late 1970s, Edward Pinto brings a wealth of knowledge, anecdotes, and perspectives in this oral history. He argues for the role of federal housing policy, especially policy regarding affordable housing, in the 2008 financial crisis. Pinto also provides an insider view on the trajectory of GSEs since the early 1980s, as well as the dynamic between GSEs and the evolving ecosystem of other market players and pressures. Pinto also contends that the GSEs led the way toward the loosening of credit standards and the marketing of risker mortgage products, which he claims compelled private mortage lenders to follow suit.
Edward Pinto is currently a resident fellow and the Director of the AEI Housing Center at the American Enterprise Institute (AEI). In his role at the AEI Housing Center, Pinto has studied the role of federal housing policy in the 2008 financial and mortgage crisis. His writings have often been published in the press, and Pinto has testified multiple times before Congress. Previous to joining AEI, he served as an Executive Vice President and Chief Credit Officer at Fannie Mae from 1987-1989 and then spent more than two decades as a consultant to the mortgage sector. Before Fannie Mae, Pinto also worked within the Mortgage Guaranty Insurance Corporation (MGIC) as Senior Legal Counsel. Prior to that, Pinto worked as General Counsel at the Michigan State Housing Development Authority. Pinto holds a Bachelor’s degree in Political Science and Government from the University of Illinois at Urbana-Champaign and a Juris Doctor from Indiana University Maurer School of Law.