Posts tagged as:

mortgage crisis

Foreclosure Prize Fighters: Obama vs. Mccain

by Moe Bedard

Obama wants the government to step in to help homeowners facing foreclosure. McCain has gradually broadened his position to support government intervention, but wants stricter requirements for borrowers seeking aid.

Obama’s plan to fight foreclosures:

 

Give homeowners the chance to have their loan modified, provided they meet certain criteria.

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How we got into this mortgage mess

by Moe Bedard

By Paul Kiesel

Over the last 15 years, there have been five “avoidable events” stemming from Wall Street’s or Congress’ actions (or inaction), that led directly to the mortgage crisis.

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McCain Finally Goes to Bat for Homeowners

by Moe Bedard

Sen. John McCain addressed small business owners in Brooklyn, N.Y. this Thursday that the government should play a bigger role in easing the mortgage crisis. McCain has called for federal aid to distressed homeowners Thursday, saying, “There is nothing more important than keeping alive the American dream to own your own home.”
Under McCain’s “HOME Plan,”  homeowners [...]

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Bush, House jockey over foreclosure fix

by Moe Bedard

Discussion of both plans, at a House Financial Services Committee hearing, highlighted the complex fault lines in the debate over how far the government should go to ease the mortgage crisis. It’s a tough question since there’s plenty of blame to go around: Lenders, brokers, investors, ratings agencies, federal regulators and some homeowners all played [...]

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