Dec 19th 2011 1:40PM
WASHINGTON -- Congressional investigators said Monday that four House members received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages was largely responsible for the nation's foreclosure crisis. Rep. Darrell Issa (R-Calif.), chairman of the House Oversight and... Continue Reading »
Mar 30th 2011 11:07AM
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 »
Jun 30th 2010 12:09PM
With literally hours left before the June 30 deadline, the House has passed a bill to extend the homebuyer tax credit by an additional three months. The bill now goes to the Senate, where a similar measure has been spearheaded by Senate Majority Leader Harry Reid. It could vote on the bill as early as tomorrow, barring... Continue Reading »
