RENO ? President Obama rolled into a modest hilltop neighborhood here to champion his efforts to help underwater homeowners get back on their feet ? and to urge Congress to do more. Standing outside the house of Val and Paul Keller, who have watched the value of their home plummet well below the amount they owe on their mortgage, Obama announced a dramatic spike in the number of Americans ...
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Obama touts mortgage aid program, urges Congress to expand it
Posted by mortgage 11 days ago (Editorial)
Sheila Bair is still not happy with Obama on housing
Posted by mortgage 55 days ago (Editorial)
By now, Sheila Bair must be used to feeling like a Cassandra. As head of the FDIC, she warned bank investors and Bush?s Treasury Department about the coming subprime crisis in 2007, only to have her concerns brushed aside. Bair, a Republican, then urged the Obama administration to move aggressively and pour money into mortgage modifications, but it was only after she left office in July that the
Obama Mortgage Deal Frontman Sounds Off
Posted by mortgage 58 days ago (Editorial)
Iowa Attorney General Tom Miller says he was plenty tough on the banks in negotiating the recent $25 billion foreclosure settlement.
Obama campaign co-chair tied to subprime mortgage crisis
Posted by mortgage 89 days ago (Editorial)
Massachusetts Gov. Deval Patrick, the Democrat who was named a national co-chair of President Obama?s re-election campaign on Wednesday, served on the board of a company that is widely blamed for helping start the subprime mortgage crisis in 2007.
Obama Said to Plan Assistance for Home Mortgage Refinancing
Posted by mortgage 112 days ago (Editorial)
President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, an administration official said today.
Obama Is Said to Plan Help for Home Mortgage Refinancing to Revive Market
Posted by mortgage 112 days ago (Editorial)
President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, an administration official said today.
EU leaders to brief Obama on debt crisis at summit
Posted by mortgage 183 days ago (Editorial)
BRUSSELS (Reuters) - President Barack Obama will offer what guidance he can on how to resolve the European debt crisis when he meets the EU's top officials at a summit in Washington next week, the U.S. ambassador to the EU said on Tuesday. Obama will hold talks with European Council President Herman Van Rompuy, who represents the EU's 27 member states, and Jose Manuel Barroso, the president of ..
AIG Resists Concessions to Banks for Obama Mortgage-Refinancing Initiative
Posted by mortgage 190 days ago (Editorial)
American International Group Inc. (AIG) is holding out as rival mortgage insurers accept policy changes that support the U.S. government push to stoke refinancing among borrowers with little or no home equity.
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