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Barney Frank Calls for Foreclosure Freeze

The chairman of the House Financial Services Committee called on lenders to stop filing foreclosures until a new foreclosure-prevention program takes effect.

On Wednesday, Rep. Barney Frank (D-Mass.) had called on lenders to make immediate use of the program, which is included in a massive housing package that passed the House this week and is [...]

Popularity: 9% [?]

The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs

Thomas Jefferson was the third President of the United States (1801–1809), the principal author of the Declaration of Independence :
BANK (NATIONAL) (THREAT TO LIBERTY)
If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will [...]

Popularity: 3% [?]

Remarks by Secretary Henry M. Paulson, Jr. on the U.S. Economy, Housing and Capital Markets

May 16, 2008
HP-981Before the Washington Post 200 Lunch
Washington - Thank you, Len. Over the last forty years, Washington has transformed into a diverse corporate center. Congratulations to the Post for recognizing this through their annual list of 200. And I am pleased to join you and represent the “old” Washington, the less than ten [...]

Popularity: 6% [?]

House Passes Comprehensive Housing Package

Washington, DC - The U.S. House of Representatives today passed the most comprehensive response yet to the American mortgage crisis.  The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools to prevent a repeat of these problems.  The legislation combines a [...]

Popularity: 2% [?]

FHA Commissioner Brian D. Montgomery - We must not federalize the housing market

Testifying before the Senate Finance Committee on April 9 Montgomery said, “We must not federalize the housing market. And we must not harm our economy through solutions that, however well-intentioned, further erode the foundation of the nation’s housing market, hurt homeowners who are meeting their mortgage obligations, or prolong the correction.”
There are two elements that [...]

Popularity: 1% [?]

FHA Secure

It’s been all over the news and I’m sure everyone has been talking about President Bush’s speech today. He laid out plans for aid and laid the foundation for the FHA Secure Loan that will be rolled out to approximately 80,000 homeowners shortly. I yawned as I turned the channel to watch something a little more interesting and intellectual.
Don’t [...]

Popularity: 1% [?]

Safe Loan Modification Service

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    • Did they change the terms of your loan to an arm? This is too risky
      catan785 | 13Aug08 | More
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More
    • How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ...
      Edward | 13Aug08 | More