iOS app Android app

Obama Housing Crisis

Obama Lays Out His Middle-Class Dream

The Huffington Post | Jillian Berman | Posted 02.13.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Face to Face With the Faceless Regulators

Preeti Vissa | Posted 01.30.2013 | Politics
Preeti Vissa

Rather than the ideological gridlock that has become the beltway standard, we need our leaders to use this post-election moment to hit the ground running with real reforms that connect to people.

Candidates Tiptoe Around Crucial Issue

Reuters | Posted 11.20.2012 | Politics

* Issue has downsides for both candidates * Prices edge up, but market still troubled * "Like rolling rock up the hill" ...

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

Mike Lux | Posted 06.06.2012 | Business
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.

Threats to the Current Recovery

Jared Bernstein | Posted 04.24.2012 | Business
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.

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

Dean Baker | Posted 04.14.2012 | Business
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.

Obama Administration To Unveil Mortgage Relief Program

Posted 10.31.2011 | Politics

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

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

Dean Baker | Posted 08.27.2011 | Business
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.

The End Of Fannie And Freddie? | NICK TIMIRAOS | Posted 05.25.2011 | Business


Arthur Delaney

Federal Auditor Says Obama's Anti-Foreclosure Effort Risks 'Generating Public Anger And Mistrust' | Arthur Delaney | Posted 05.25.2011 | Business

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

Arthur Delaney

One Man's HAMP HELL: 'Just Wait This Thing Out' | Arthur Delaney | Posted 05.25.2011 | Business

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

White House to Deploy Broader Mortgage Aid

Wall Street Journal | NICK TIMIRAOS | Posted 05.25.2011 | Business

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

Shahien Nasiripour

HAMP Report Revised After Analysts Question New Metric | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Subprime Resurfaces As Housing-Market Woe

Wall Street Journal | Posted 05.25.2011 | Business

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...

Housing Recovery In Peril As Obama Aid Program Has Little Effect

Bloomberg News | Posted 05.25.2011 | Home

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

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

Huffington Post | Margo Irvin | Posted 05.25.2011 | Business

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

Preventing Foreclosure: Government Incentives For Homeowners

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Business

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

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

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

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...

Pay It Backward--The Greatest Wealth Transfer in History

Larry Gellman | Posted 05.25.2011 | Business
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.

Obama: Bad Economy Could Help Me Win Florida

Washington Post | Posted 05.25.2011 | Politics

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...

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

Miami Herald | Posted 05.25.2011 | Politics

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...

Clinton: Obama "Right Of" Bush On Housing Crisis

Huffington Post | Posted 05.25.2011 | Politics

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 ...