Posts tagged as:

obama mortgage plan

HUD Chief Defends Obama Housing Plan

by Moe Bedard

“We have millions of families across this country through no fault of their own that are in trouble on their mortgages,” he said. “Let’s remember that every time there’s a foreclosure, a next-door neighbor loses value in their house too… by stopping foreclosures, this benefits everyone.”

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Obama administration delay foreclosure rescue details

by Moe Bedard

Few people would argue that there is a simple solution to the current mortgage and housing crisis. This crisis, however, has been brewing for years and now through two administrations. Is it sufficient that the present administration can clearly articulate the problem or is it time that we begin to demand specific answers from our [...]

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Will Obama Stand By His Foreclosure Moratorium and Bankruptcy Promises?

by Moe Bedard

Below are promises made to Main Street homeowners during President-Elect Obama‘s campaign in his own words from BarackObama.com.

“The final plan must provide help to families who are struggling to stay in their homes. We cannot simply bailout Wall Street without helping the millions of innocent homeowners who are facing foreclosure.” Obama September 2008
“Going forward, [...]

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Lender Loan Modification Lip Service Part 2: Senator Schumer Says It’s All BS

by Moe Bedard

Fannie, Freddie, Countrywide, Bank of America, Chase and now Citi have all jumped on the proverbial billion dollar loan modification train. It makes me wonder if this has to do with Barack Obama becoming President and his “proposed” solutions for the mortgage and housing crisis…
Earlier today I wrote a post title, ‘Lender Loan Modification Lip [...]

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