April 23, 2017

New York Times Publishes Apology for Obama’s Failed Housing Policies

New York Times Publishes Apology for Obama’s Failed Housing Policies On the one hand, the dismal … [Read more...]

No Income? No Job? No Assets? Chase Offers No Doc Refis, Principal Reduction

“Chase is taking a proactive approach to helping homeowners. We are automatically reducing … [Read more...]

Cummings | “Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion in Potential Savings for U.S. Taxpayers

Cummings: “Incomprehensible” that DeMarco Would Throw Away Up to $1 Billion in Potential Savings for … [Read more...]

Geithner Letter to FHFA Director on Principal Reduction

Geithner Letter to FHFA on Principal Reduction “I am concerned by your continued opposition to … [Read more...]

FAIL | Edward DeMarco Rejects Gov’t Mortgage Write-Down Plan

Regulator rejects gov’t mortgage write-down plan WASHINGTON (Reuters) – The top U.S. … [Read more...]

Nevada’s Housing Crisis Leaves Obama Vulnerable

Nevada’s housing crisis leaves Obama vulnerable LAS VEGAS — Amy and James Watt know there are a lot … [Read more...]

Nevada’s Housing Crisis Leaves Obama Vulnerable

Nevada’s housing crisis leaves Obama vulnerable LAS VEGAS — Amy and James Watt know there are a lot … [Read more...]

CLEARING THE MORTGAGE MARKET THROUGH PRINCIPAL REDUCTION: A BAD BANK FOR HOUSING (RTC 2.0)

CLEARING THE MORTGAGE MARKET THROUGH PRINCIPAL REDUCTION: A BAD BANK FOR HOUSING (RTC 2.0) Abstract … [Read more...]

IMF | Stop the Foreclosures! Principal Reductions Now!

IMF: Principal Reductions Now! The International Monetary Fund has explicitly called for principal … [Read more...]

The Aftermath of the Housing Bubble | James Bullard President and CEO, Federal Reserve Bank, St. Louis

The Aftermath of the Housing Bubble Key takeaways from the presentation: Slide 23: U.S. homeowners … [Read more...]

The New Cramdown

For the past couple of years, I've been thinking that cramdown is dead as a policy solution. … [Read more...]

FHFA Wants Money Transferred from Local Government to Bondholders

FHFA has sued the State of Illinois and some local government units claiming that Fannie Mae and … [Read more...]

Banks Benefit From Plan to Aid Struggling Homeowners

Homeowner Aid Boosts Big Banks A government program that helps struggling homeowners take advantage … [Read more...]

HAMP 2 is HERE – Some say it’s the best HAMP yet, and they’re probably right about that.

This past year has been transformational as far as the foreclosure crisis was concerned, although we … [Read more...]

GSE Principal Reduction in Nevada Not a Policy Shift, It’s Probably Because it is Now a Felony to Commit Foreclosure Fraud in Nevada

State Takes Fresh Crack at Mortgages Fannie Mae and Freddie Mac will participate in a Nevada program … [Read more...]

Oversight Democrats Call for Hearing on JPMorgan’s $2 Billion Loss

Oversight Democrats Call for Hearing on JPMorgan’s $2 Billion Loss Washington, DC (May 22, 2012) – … [Read more...]

DeMarco Responds to Representatives Cummings and Tierney RE Principal Forgiveness

FHFA Responds to Representatives Cummings and Tierney Washington, DC – Federal Housing Finance … [Read more...]

Internal Documents Show Fannie Mae Believed Principal Reduction Would Save Taxpayers Money

Internal Documents Show Fannie Mae Believed Principal Reduction Would Save Taxpayers Money Cummings … [Read more...]

Cummings Issues Statement on DeMarco Speech on the Housing Market

Cummings Issues Statement on DeMarco Speech on the Housing Market Washington, D.C. (Apr. 10, 2012) – … [Read more...]

SPEECH | Edward J. DeMarco – Addressing the Weak Housing Market: Is Principal Reduction the Answer?

Addressing the Weak Housing Market: Is Principal Reduction the Answer? Remarks as Prepared for … [Read more...]

Marketing $25 Billion AG Settlement to Consumers is Key to Getting Money

Our local AG's office just held a meeting for people who serve homeowners in foreclosure, to explain … [Read more...]

If WE owned a pool of loans… would WE allow principal reductions?

  It seems that there’s quite a bit of discussion lately about principal reductions.  Are they … [Read more...]

If WE owned a pool of loans… would WE allow principal reductions?

  It seems that there’s quite a bit of discussion lately about principal reductions.  Are they … [Read more...]

Principal Reduction and Strategic Default

Moral hazard, moral hazard, moral hazard....  How often have we heard that as a reason for why … [Read more...]

Atty. Gen. Kamala Harris ASKS Fannie and Freddie to Stop Foreclosing

  Did you hear about this?  California’s Attorney General, Kamala Harris has asked the Federal … [Read more...]

Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement

Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement The whole purpose of a … [Read more...]

Democracy Now | 50-State, $25B Mortgage Settlement: Relief for Struggling Homeowners or Bailout for Banks? (VIDEO)

democracynow.org – The U.S. Justice Department has unveiled a record mortgage settlement with … [Read more...]

Democracy Now | 50-State, $25B Mortgage Settlement: Relief for Struggling Homeowners or Bailout for Banks? (VIDEO)

democracynow.org – The U.S. Justice Department has unveiled a record mortgage settlement with … [Read more...]

FHFA’s Fake $100 Billion Number

The critical point made in the Democratic Congressmen's letter to FHFA is this:  Director … [Read more...]

Congressmen Raise New Questions About FHFA Resistance to Principal Reduction

The heat is cranking up on the seat of Edward DeMarco, acting head of the Federal Housing Finance … [Read more...]

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