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Obama Delivers Redistribution Of Wealth With Mortgage Relief Plan
The mortgage relief plan, which is due to be signed today, is a clear case of redistribution of wealth that Obama promised during his campaign.
Most of Romney’s top fundraisers remain anonymous
Despite criticism of Fannie Mae by Republican presidential candidate Mitt Romney, his campaign accepted nearly $280,000 in donations raised by a registered lobbyist who once represented the government mortgage giant and whose clients now include a private equity firm and the drug company Pfizer.
Should You Walk Away from Your Home?
The mortgage crisis continues in full force, with many families in San Diego and all over the nation losing their homes to foreclosure.
Kamala Harris has key role in mortgage settlement
There were two people without whom the $26 billion mortgage settlement would not have been done. One is the attorney general of California. The other is the president of Wells Fargo ‘s home mortgage division. Four…
Irish Jobs Plan 2012: Action Plan to target 100,000 new jobs; Change of mindset key – - not new incentives/ schemes
Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information – Irish Finance and Business Portal – providing Irish, European and global market information including mortgages, pensions, investment, property
The Top Twelve Reasons Why You Should Hate The Mortgage Settlement
Tweet As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far. The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the b
Everyone of Every Age is Renting
“Home, sweet home” means a mortgage payment less and less often these days.
Despite historically low home prices, Americans are renting in greater numbers than ever. Nationally, the trend reflects an unstable housing market while many are choosing to rent.
Missouri Becomes Second State To Divert Foreclosure Funds Away From Homeowners To Balance Its Budget
Though specific terms of the settlement have not been released, states have been given significant leeway on how to spend the money from it. According to the National Mortgage Settlement website, however, the money is supposed to “help fund consumer protection and state foreclosure protection efforts.” The full $26 billion, though, is already woefully short of what is needed to ameliorate the nation’s housing crisis, and diverting funds from it to other problems will only exacerbate that fact.
HOUSING: President’s Budget Would Increase Taxpayer Losses on TARP
Obama’s fiscal 2013 budget proposal touts the administration’s recent long-shot mortgage refinancing proposal and says the White House’s increased emphasis on the housing crisis will lead to larger taxpayer losses from a 2008 emergency bailout fund.
