Edward J. Pinto
Resident Fellow and Co-Director of AEI’s International Center on Housing Risk

American Enterprise Institute (AEI) resident fellow Edward J. Pinto is the codirector of AEI’s International Center on Housing Risk. He is currently researching policy options for rebuilding the US housing finance sector and specializes in the effect of government housing policies on mortgages, foreclosures, and on the availability of affordable housing for working-class families. Pinto writes AEI’s monthly Housing Risk Watch, which has replaced AEI’s FHA Watch. Along with AEI resident scholar Stephen Oliner, Pinto is the creator and developer of the AEI Pinto-Oliner Mortgage Risk, Collateral Risk, and Capital Adequacy Indexes.

An executive vice president and chief credit officer for Fannie Mae until the late 1980s, Pinto has done groundbreaking research on the role of federal housing policy in the 2008 mortgage and financial crisis. Pinto’s work on the Government Mortgage Complex includes seminal research papers submitted to the Financial Crisis Inquiry Commission: “Government Housing Policies in the Lead-up to the Financial Crisis” and “Triggers of the Financial Crisis.” In December 2012, he completed a study of 2.4 million Federal Housing Administration (FHA)–insured loans and found that FHA policies have resulted in a high proportion of working-class families losing their homes. Pinto has a J.D. from Indiana University Maurer School of Law and a B.A. from the University of Illinois at Urbana-Champaign.


  • President and CEO, Courtesy Settlement Services LLC, 1994-present
  • Consultant to the Housing-Finance Industry, 1989-present
  • President and CEO, ICBA (Independent Community Bankers of America) SmartLender LLC, 2004-10
  • Executive Vice President and Chief Credit Officer, 1987-89; Senior Vice President, Marketing and Product Management, 1985-87; Vice President, Negotiated Transactions, 1984-85, Fannie Mae
  • Capital-Markets Program Manager, 1984; Senior Legal Counsel, 1982-83, Mortgage Guaranty Insurance Corporation
  • General Counsel, 1977-82; Staff Attorney, 1974-77, Michigan State Housing Development Authority


  • J.D., Indiana University School of Law