Tag Archive | "economy"
Is McCain’s Mortgage Plan Even Legal?
John McCain said his “Homeownership Resurgence Plan” to allow the federal government to buy up bad debt from banks and allow people to refinance mortgages they can no longer pay, may require $300 billion in “new money.” … More here: Is McCain’s Mortgage Plan Even Legal?
Continue reading...McCain’s Mortgage Giveaway
Friday, October 10, 2008
McCain is selling his plan as a bold and fresh move: The government buys bad mortgages and renegotiates them on lower terms, so people can stay in their houses. But the reviews from economists haven’t been good. The plan, they say, … More here: McCain’s Mortgage Giveaway
Continue reading...Real Estate In The Subconscious Mind
Thursday, October 9, 2008
Jump to Comments I kept waking up in the middle of the night, dreaming about real estate. Specifically: a loft. Or the plural, they did seem to change, and I wanted each one very badly. For some reason or other told I could not buy them. I would sit down with the realtor and this [...]
Continue reading...National Review Slams McCain Mortgage Plan
Thursday, October 9, 2008
Under the Frank-Dodd bill, lenders must agree to “take a haircut” — slang for writing down the value of a mortgage — in order to qualify for federal insurance on a distressed mortgage . The lender bears an initial loss but is protected … Continue here: National Review Slams McCain Mortgage Plan Share and [...]
Continue reading...Critics: McCain housing plan ‘half-baked’
Thursday, October 9, 2008
John McCain’s surprise policy offering Tuesday night to have the government buy bad mortgages is bold, sweeping and, well, a bit perplexing to nearly everyone. From economic experts to political pundits, from liberals to conservatives, the proposal has been greeted with a collective sense of puzzlement that is raising questions not only about [...]
Continue reading...Obama Calls McCain Mortgage Plan 'Risky'
Thursday, October 9, 2008
Barack Obama this afternoon condemned John McCain’s plan for the government to buy bad home mortgages as “McCain’s bailout” for risk-taking banks and lenders. Read the rest of the post here: Obama Calls McCain Mortgage Plan 'Risky' Share and Enjoy:
Continue reading...MortgageNewsClips: $9T Lehman Unwound, FHFA Approves, Fed Borrows …
Thursday, October 9, 2008
2. also this from MarketWatch - Citigroup to slash its wholesale mortgage business - John Letzing - Citigroup Inc. has become the latest large bank to back away from the crumbling mortgage industry, slashing the number of outside … More here: MortgageNewsClips: $9T Lehman Unwound, FHFA Approves, Fed Borrows … Share and [...]
Continue reading...Obama Now Rejects McCain's Mortgage Buy-Up Plan
Wednesday, October 8, 2008
ABC News’ Teddy Davis and Rigel Anderson Report: Barack Obama’s top economic adviser criticized John McCain’s mortgage buy-up plan on Wednesday, saying it would cause the government to lose money by paying too much for bad loans. … Read the rest here: Obama Now Rejects McCain's Mortgage Buy-Up Plan
Continue reading...McCain’s Not-So-New Mortgage Proposal
Wednesday, October 8, 2008
According to Section 110 of the law, the government is going to buy up “troubled assets,” including residential mortgages , and then do everything it can to “minimize foreclosures” by modifying the terms of the loans by reducing interest … More here: McCain’s Not-So-New Mortgage Proposal Share and Enjoy:
Continue reading...The Case for Mortgage Intervention
Wednesday, October 8, 2008
It’s not clear to me why the government needs to buy up all these mortgages . We talk of “keeping people in their homes”, but in what sense are they “their homes”? Many of these home “owners” obtained such ridiculous mortgages that they … Read the rest of the post here: The Case [...]
Continue reading...
- Updates for 2008-10-10
- Bethesda Homes for Sale Agency
- Brand new Las Vegas homes for sale from $99 per square foot at …
- Anyone considering Mobile Home investing
- Home sales down in area - Charlottesville Daily Progress
- DUNES - Vero Beach Homes For Sale - 1340 Sea Hawk Ln
- CNN Fact Check: Would McCain’s mortgage plan shift burden to …
- Homes Sales UP in Northern Virginia!
- Fairfax City Market Update
- Relocating to Atlanta? Get the Best Relocation Guide FREE
Friday, October 10, 2008
0 Comments