Category Archives: Politics

Managing the Wave of Foreclosures Coming

Posted on February 5, 2011 by admin

Reprint from CNBC’s Diana Olick “You can talk all you want of renewed interest in housing, slowly increasing sales and supposed stabilization in prices, but the elephant in the room is slowly growing, and banks, Fannie, Freddie and the government … Continue reading →

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Refi wave cooling off for 2011

Posted on January 11, 2011 by admin

Mortgage refinancings through the Home Affordable Refinance Program known as HARP increased 26% in the third quarter of 2010. Strategists for Fannie Mae and Freddie Mac investors, however, say the spike is likely to be short lived.  Fannie Mae and … Continue reading →

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Obama’s HAMP Falls Short of Goal with Only 700K Helped

Posted on December 15, 2010 by admin

The Obama administration’s signature foreclosure prevention program will help only 700,000 Americans save their homes, according to a scathing report released Tuesday by the Congressional Oversight Panel (COP). The group’s assessment falls far short of the 3 to 4 million … Continue reading →

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Absurd Obama claim, “lives touched” by stimulus!

Posted on August 26, 2010 by admin

The Obama administration has figured out another way to inflate job numbers to better fit its claims of success.  Whatever happened to basic honesty? President Obama’s statistical stimulus roadshow stumbles on.  Last week it was confirmed that some departments being … Continue reading →

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It’s time to put grownups in charge

Posted on August 24, 2010 by admin

U.S. House Republican leader John Boehner is calling for the resignation of President Barack Obama’s entire economic team, including Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers.  ”It’s time to put grown-ups in charge. It’s time for … Continue reading →

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Consumers will pay for new government regulations

Posted on July 20, 2010 by admin

Up until recently, bankers have remained mum on particular reform measures, saying that regulators will first need to write specific rules.  But Bank of America broke ranks on Friday, detailing the impact of several provisions, including the so-called Durbin amendment, … Continue reading →

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GOP to put a “moratorium” on Obama

Posted on July 19, 2010 by admin

Because of the perception that Obama is anti-business and his policies are causing small and large businesses to hunker down and wait out the witch hunt, House GOP Leader John Boehner said he supports a ban on all new federal … Continue reading →

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Delinquencies inch up in May

Posted on July 5, 2010 by admin

The seasonal improvement period for delinquencies and foreclosure inventories has come to a halt, according to an industry report released last Thursday by Lender Processing Services (LPS).  The Florida-based analytics firm’s monthly Mortgage Monitor report found that the total U.S. … Continue reading →

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$8000 tax credit gets a last gasp

Posted on July 5, 2010 by admin

On Friday President Obama signed a law giving consumers three extra months to close the deal and still get a popular tax credit from the government – assuming they’re already in the process of buying a home.  Homebuyers with contracts … Continue reading →

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Prison inmates apply for and receive $9.1 million in homebuyer tax credits

Posted on June 25, 2010 by admin

A breakdown in fraud controls allowed prison inmates to apply for and receive $9.1 million in homebuyer tax credits from the federal government, according to an audit conducted by the Treasury inspector general for tax administration. The homebuyer tax stimulus … Continue reading →

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