Posts tagged as:

President Obama

Can the Federal Government really provide HOPE FOR HOMEOWNERS?

by Nathan Fransen Esq.

By Nathan Fransen Esq.
Early on in the foreclosure fiasco we are now knee deep in, the Federal government announced a program that was billed as a proactive measure that would provide needed relief to some 400,000 homeowners. The program basically propped up the Federal Housing Authority by insuring loans that otherwise were not insured or [...]

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Loan Modifications Stalling the Foreclosure Recovery Effort?

by Moe Bedard

By Moe Bedard

It’s getting to be rather old news indicating that notices of default have hit record highs. Most everyone is aware of the fact that we are in a housing crisis. However, few people claim that lenders offering loan modifications are to blame for elongating the housing crisis. President Obama has sponsored loan modification [...]

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CNBC’s Rick Santelli Refers to Suffering Homeowners as “Losers”

by Moe Bedard

By Moe Bedard
CNBC’s Rick Santelli isn’t a happy man. Referring to the millions of suffering Americans as “losers” Santelli spews forth some of the vilest verbiage I’ve heard in the foreclosure prevention debate. Santelli argues the new administration should use their powers of social media to determine how the average American feels about President Obama’s [...]

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Obama’s Foreclosure Incentives Yield Positive Results

by Moe Bedard

By Moe Bedard
Two days ago I wrote an article that summarized the complex details of President Obama’s Foreclosure Rescue Plan.  My prediction was that incentivizing lenders to do the right thing would improve Main Street directly and not merely line the pockets of major lenders and financial executives.  Today, two major lenders, Bank of America [...]

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