Posts with tag Harry Reid

Senate majority leader Harry Reid (D-Nev.) took a public stand on Thursday, adding his voice to the growing cadre of lawmakers expressing outrage over the widening foreclosure crisis. Reid sent a letter to a group of large banks in defense of his home state, stating, "I write to request that your mortgage-servicing... Continue Reading »

Unless you are among the 180,000 people who signed a contract to buy a house before May 1, yesterday's Senate gesture to extend the deal-closing deadline on the federal homebuyer tax credit is the proverbial drop in the bucket. Does anyone think that the closing of 180,000 more home sales on the market, in a national... Continue Reading »

Homebuyers who took advantage of the $8,000 federal tax credit but are unable to close by the June 30 deadline may have gotten a reprieve yesterday. On Wednesday afternoon, the Senate OKd a proposal to add three more months to the closing schedule of the tax credit program, extending the deadline until September. The... Continue Reading »