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Barney Frank Makes Threats and the Bush Administration Undermines the House

Business as usual in Washington.
I have been ranting on this blog for almost a  year now on why our government needs to step in and demand action from lenders and servicers to do more to help clean up the toxic mortgages that are eating up our country one home, one family and one city at a time. 
Barney Frank [...]

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Frank said he expects the Bush administration to threaten to veto two foreclosure assistance bills

 Among the many golden nuggets he gave reporters this morning: Frank said he expects the Bush administration to threaten to veto two foreclosure assistance bills the House Financial Services Committee, which Frank chairs, is expected to send to the floor.
Frank said they’ve known for some time that the Bush administration would issue a veto threat [...]

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    • I can relate with this couple. I contacted WaMu in a proactive effort to get assistance during a hardship ...
      disillusionedVeteran | 3Sep08 | More
    • Did they change the terms of your loan to an arm? This is too risky
      catan785 | 13Aug08 | More
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More