by Moe Bedard
In contrast to Barack Obama’s own homeownership plan, John McCain has suggested a plan to involves more direct federal ownership of distressed mortgage assets. McCain’s plan, entitled the McCain American Homeownership Resurgence Plan, seeks to utilize the recently granted Treasury Secretary authority to use federal funds to help adjust mortgage terms for homeowners.
Simply put, the [...]
Read the full article →
by Moe Bedard
“The housing crisis is the fault of predatory lenders, irresponsible buyers and careless Wall Street investors. I’m particularly amazed that people (on Wall Street) who had all these sophisticated models and were trained to analyze all this stuff bought it and distributed these loans around the world,” said HUD chief, Steve Preston, in a town hall [...]
Read the full article →
