Obama Housing Crisis

Homes, Banks, and Politics: Round 2 of Settlement Talks

Mike Lux | Posted 04.06.2012

Read More: Elections 2012, Mortgage Crisis, Wall Street, Big Banks, Barack Obama, Obama Housing Crisis, Obama Mortgage Plan, Obama Housing Plan, Business News
Mike Lux

There are two big ways for more mortgage write-downs to happen, and two big goals progressives should have for the financial fraud task force.

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Threats to the Current Recovery

Jared Bernstein | Posted 04.24.2012

Read More: Obama Housing Crisis, Housing Market, US Recovery, Recovery Threats, Global Economic Recovery, Economic Recovery, Europe Recovery, Housing Crisis, Business News
Jared Bernstein

On the economy, in my humble opinion we're not yet into the virtuous cycle where we can count on above-trend growth to generate jobs, which boosts paychecks, which supports consumption, which signals investors to get into the game, which leads to more growth, etc. But we're headed there. The best evidence for that is the improving job market -- but this remains fragile, and risk factors lurk out there. At this point, what worries me most is the lack of a public policy cushion such that if one of those risk factors flared up, we could count on policy makers to fight back. Jeez... imagine that.

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Policy Follies in the Housing Market: The First-Time Homebuyers Tax Credit

Dean Baker | Posted 04.14.2012

Read More: Housing Crisis, Obama Housing Crisis, Obama-Homebuyers-Tax-Credit, First-Time Homebuyers Tax Credit, Housing Crash, GOP Housing Plan, Homebuyers Tax Credit, Obama Housing Plan, Business News
Dean Baker

If this policy had been proposed by liberals with the idea of helping the poor, its failure likely would have been a huge political issue in the 2012 election and likely for many years beyond.

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Obama Administration To Unveil Mortgage Relief Program

Posted 10.31.2011

Read More: Foreclosures, Obama Housing Crisis, U.S. Economy, Obama Foreclosures, Mortgage Crisis, Fannie Mae, Obama Foreclosure Plan, Obama Jobs Plan, Barack Obama, Housing Crisis, Mortgages, Obama Jobs, Video, Freddie Mac, Fannie Freddie, Foreclosure, Politics News

By Margaret Chadbourn WASHINGTON -- The Obama administration is considering unveiling new plans next week to revive the ailing housing market a...

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Right to Rent: Will the Obama Administration Finally Fix Housing?

Dean Baker | Posted 08.27.2011

Read More: Banks, Loan Modifications, Housing Crisis, Obama Housing Crisis, Housing Market Economy, Housing Market, Obama Housing, Business News
Dean Baker

It would take a law passed by Congress to create a right to rent for the people losing their home to foreclosure. However, President Obama could unilaterally act to require Fannie and Freddie to go this route.

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The End Of Fannie And Freddie?

wsj.com | NICK TIMIRAOS | Posted 05.25.2011

Read More: Obama Housing Crisis, Freddie Mac, Fannie Freddie, Mortgage Market, Financial Reform, Fannie Freddie Bailout, Fannie Mae, Fannie Mae Freddie Mac, Housing Crisis, Mortgage Crisis, Business News

...

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Arthur Delaney

Federal Auditor Says Obama's Anti-Foreclosure Effort Risks 'Generating Public Anger And Mistrust'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Obama Housing Crisis, Hamp, Obama Foreclosure, Mortgage Modification, Barofksy HAMP, Foreclosure, Business News

The Obama administration's signature anti-foreclosure effort, unveiled in 2009 with the promise of helping three to four million homeowners modify the...

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Arthur Delaney

One Man's HAMP HELL: 'Just Wait This Thing Out'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Foreclosure Crisis, Mortgage Modification, Home Affordable Modification Program, Hamp, Foreclosure, Housing Crisis, Foreclosure Moratorium, Obama Housing Crisis, Business News

Troy Taliancich said he applied for a mortgage modification via the Obama administration's Making Home Affordable program in January after falling beh...

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White House to Deploy Broader Mortgage Aid

Wall Street Journal | NICK TIMIRAOS | Posted 05.25.2011

Read More: Obama Housing Crisis, Mortgage Aid, Mortgage, Obama Mortgage, Housing Crisis, Business News

The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more than their homes a...

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Shahien Nasiripour

HAMP Report Revised After Analysts Question New Metric

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Hamp, Mha, Home Affordable Modification Program, Making Home Affordable, Foreclosure, Mortgage Modification, Loan Modifications, Obama Housing Crisis, Business News

This story was updated at 8:00 p.m. ET to include two comments from a Treasury Department official. The Obama administration has revised its latest m...

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Subprime Resurfaces As Housing-Market Woe

Wall Street Journal | Posted 05.25.2011

Read More: Obama Housing Crisis, Housing Market, Subprime Housing, Subprime Loans, Housing Crisis, Subprime, Business News

The U.S. housing market is facing new downward pressure as holders of subprime-mortgage bonds flood the market with foreclosed homes at prices that ar...

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Housing Recovery In Peril As Obama Aid Program Has Little Effect

Bloomberg News | Posted 05.25.2011

Read More: Fastest Foreclosure Rate, Mortgage Modification, Economy, Obama Homebuyers Tax Credit, Obama Financial Crisis, Obama, Obama Housing Crisis, Housing Crisis, Home News

June 29 (Bloomberg) -- Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with "For Sale" signs stuck in untende...

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Obama's Homeowners' Bailout: Is It Really Making Home Affordable?

Huffington Post | Margo Irvin | Posted 05.25.2011

Read More: Obama Housing Crisis, Homeowners Bailout, Home Affordable Refinance Program, Making Home Affordable, Ocwen, Mortgage Crisis, Home Affordable Modification, Dispatches From the Displaced, Housing Crisis, Ee, Home Foreclosures, Bailout, Zombeck, Home Affordable Modification Program, Business News

The $75 billion "homeowners' bailout" may only delay the inevitable for many who currently face foreclosure.

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Obama: Mortgage Help For Homeowners To Be Expanded

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Obama Housing Crisis, Mortgage Crisis, Obama Administration, Mortgages, Housing Crisis, Obama Mortgages, Business News

WASHINGTON — The Obama administration said Tuesday it is expanding its plan to stem the housing crisis by offering mortgage lenders incentives t...

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Editorial: Obama's Housing Plan "Won't Fix The Problem"

New York Times | JOHN D. GEANAKOPLOS and SUSAN P. KONIAK | Posted 05.25.2011

Read More: Obama Housing Crisis, Mortgages, Housing Market, Mortgage, Subprime Mortgages, Obama Housing Plan, Obama Housing, Mortgage Crisis, Barack Obama, Housing Crisis, Business News

TO stanch the hemorrhage of foreclosures, we don't need another bailout. What we need is a fix -- and the wisdom to see what is in our own self-intere...

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Preventing Foreclosure: Government Incentives For Homeowners

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011

Read More: Obama Housing Crisis, Obama Mortgage Crisis, Obama Housing Plan, Housing, Obama Housing, Obama Administration, Housing Crisis, Business News

WASHINGTON -- The Obama administration on Wednesday began the most ambitious effort since the 1930s to help troubled homeowners, offering lenders and ...

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Stimulus Signing, Foreclosure Aid On Obama Agenda This Week

AP | STEVEN R. HURST | Posted 05.25.2011

Read More: Home Mortgage Foreclosure Obama, Obama Agenda Housing, Obama Agenda, Obama Housing Crisis, Obama Home Foreclosure Crisis, Housing Crisis, Politics News

WASHINGTON — Keeping the economy front and center, President Barack Obama heads west this week to sign the $787 billion stimulus bill and tackle...

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Pay It Backward--The Greatest Wealth Transfer in History

Larry Gellman | Posted 05.25.2011

Read More: Budget Deficit $490 Billion, Obama Housing Crisis, T. Boone Pickens, John McCain, Mccain Housing Crisis, Judaism, Bush Tax Cuts, Thomas Friedman, Energy Policy, Barack Obama, Housing Crisis, Bush Economy, Bush Administration, National Debt Soars, New York Times, Financial Crisis, Wealth Transfer, Pickens Plan, Business News
Larry Gellman

For the last 20 years, I've been hearing that we're in the midst of the Greatest Wealth Transfer in History. The slogan has remained the same but both the beneficiaries of the wealth have changed.

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Obama: Bad Economy Could Help Me Win Florida

Washington Post | Posted 05.25.2011

Read More: Obama Florida, Obama Swing States, 2008 Election Florida, Barack Obama Florida, Obama Housing Crisis, Obama Mccain Florida, Housing Crisis Florida, Politics News

Barack Obama's two-day campaign swing through economically hard-hit areas of Central Florida and John McCain's country concert extravaganza in the Pan...

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Obama Meets With US Mayors Conference, Promises Support For Home Foreclosure Bailout Bill

Miami Herald | Posted 05.25.2011

Read More: Obama Mayors Meeting, Housing Crisis, Obama Housing Crisis, Barack Obama, Obama US Mayors, Politics News

Making his pitch to a key group of power brokers, Barack Obama promised hundreds of mayors gathered in Miami that he would push back on President Bush...

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Clinton: Obama "Right Of" Bush On Housing Crisis

Huffington Post | Posted 05.25.2011

Read More: Barack Obama Hillary Clinton, Obama Housing Crisis, Clinton Housing Crisis, Clinton Negative Attacks, Hillary Clinton, Clinton, Negative Attacks, Clinton Obama, Politics News

Hillary Clinton's camp has released this statement, after Obama opened his trip to Texas with a critique of Hillary's housing crisis solution: "When ...

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