Posts with tag Obama Administration

The American dream of homeownership has taken a serious hit in the past five years--or so you might think. No wonder, what with so many Americans pummeled by underwater properties and foreclosures. Even the government piled on, declaring in a February housing report: "The Administration believes that we must continue to... Continue Reading »

HAMP is on life support, thanks to a U.S House of Representatives vote on Tuesday. The House voted 252 to 170 to end the widely criticized Home Affordable Modification Program, with Republicans leading the charge to eliminate it. While the Obama administration program originally hoped to aid 3 to 4 million troubled... Continue Reading »

Federal banking regulators are pushing for 20 percent down payments, according the Wall Street Journal. You see, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- the name which draws guffaws of cynical amazement among those who know what Chris "Friend of Angelo" Dodd, pictured left, and Barney "My... Continue Reading »

I've always been fond of news stories that are neither new nor particularly unknown, like when some local TV station runs a human-interest story on some local teen who organized a charity drive three months ago. They're cute! And they're no less cute when the Wall Street Journal runs such stories, as it did recently,... Continue Reading »

In an earlier AOL Real Estate post, I speculated that the 30-year fixed rate mortgage -- the mainstay of residential housing funding in the United States -- was on its way out. I thought that based on comments from administration officials, think tanks, and other leaders, the goal of the Obama administration was to move... Continue Reading »