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Too big to fail. It's a phrase heard often in the wake of the nation's most recent recession - a downturn that saw many U.S. banks falter and collapse under the weight of subprime mortgage loan defaults.
JACKSONVILLE, Florida (Reuters) - Republicans presidential candidates have taken a hands-off policy on the U.S. housing crisis. At a debate on Thursday in Florida, it devolved into finger pointing. A question about the government's involvement in the mortgage market prompted a fierce exchange between front-runners Mitt Romney and Newt Gingrich about who had closer ties to the troubled housing

The Caucus: Michigan Debate Fact Check

Posted by mortgage 195 days ago (Editorial)
Times reporters examine statements from candidates in the Republican field on the economy during the debate in Rochester, Mich.
The mortgage-interest deduction may be your favorite tax break, but be aware that it has some impressive enemies. The fiscal commissions of two different Presidents proposed eliminating it, first in 2005 and then in 2010. There's also a steady stream of research from such places as the London School of Economics and the Brookings Institution arguing that the deduction doesn't boost homeownership
Ending tax breaks for oil, corporate jets and hedge fund managers is nearly every Democrat's favorite way to reduce the federal debt. But one of the biggest tax breaks of all is heavily skewed to wealthy residents of...
Fixed mortgage rates were mostly unchanged last week as credit markets showed little reaction to Washington's impasse over raising the federal government's borrowing limit.

Debt Debate Jolts Mortgages

Posted by mortgage 298 days ago (Editorial)
Mortgage rates inched up this week as investors were spooked by political gridlock over how to raise the national debt ceiling and cut the deficit. The benchmark 30-year fixed-rate mortgage rose 6 basis points this week, to 4.74 percent, according to the

Mortgage Rates Shrug Off Debt Debate

Posted by mortgage 299 days ago (Editorial)
Mortgage rates have been largely unchanged this week, despite uncertainty in financial markets about a possible U.S. debt default that could send interest rates of all kinds soaring.

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