Posts tagged as:

Senate Banking Committee

Bush Administration Balking at Helping Main Street Homeowners

by Moe Bedard

The Bush Administration is balking at helping Main Street homeowners after several bail outs on Wall Street in a New York second. Apparently the administration’s dilemma is concerns over a loan modification program that may help as many as 3 million homeowners through $500 billion of home mortgage guarantees.

The players in the negotiations include [...]

0 comments Read the full article →

A Big Week on the Foreclosure Front With Congress

by Moe Bedard

Proposals include easing bankruptcy rules, shielding banks from lawsuits and providing government assistance to homeowners facing foreclosure.

Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, has proposed the creation of a federal corporation, funded with as much as $20 billion, to buy distressed mortgages and help struggling homeowners refinance into affordable loans.
The federal Office [...]

0 comments Read the full article →