Posts tagged as:

barney frank on housing

Chase CEO writes Barney Frank a letter / Franks says $50 billion for housing is not enough

by Moe Bedard

House Financial Services Chairman Barney Frank (D.-Mass.) received a letter last week from JP Morgan Chase CEO Jamie Dimon announcing a three week foreclosure moratorium.

This just a day or so after Frank had called on mortgage servicers to impose a foreclosure moratorium to delay unneccasary foreclosures until the Obama adminisaration announces the housing details of the recently passed stimlus plan on Wednesday.

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Frank, regulator urge suspension of foreclosures

by Moe Bedard

“I would ask all of you now to please make sure that we have a moratorium in effect,” said House Financial Services Committee Chairman Barney Frank, D-Mass., at a hearing where the CEOs of eight major banks testified about how they were using money from a $700 billion bank bailout fund.

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Barney Frank Says Americans Were Pushed Into Homeowership

by Moe Bedard

“We made a mistake in this society. We assumed that everybody can be a homeowner. That was wrong.

We ended up pushing people into home ownership – including a great many who weren’t ready for it.”
Question: How on earth did the U.S. mortgage market get here?
Answer: We had too little regulation at a point of [...]

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