Tag Archives: Treasury Secretary

Obama Gets Big ‘No’ On Slashing Mortgage Debt

Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading

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Plunging Mortgage Rates Won’t Juice Housing

Page 1 of 3 | Next PageShow Entire Article The one positive in all the uncertainty surrounding the nation’s debt was a plunge in Treasury yields, which in turn sent mortgage rates to record lows. The 30 year fixed hit … Continue reading

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The Debt Crisis and Mortgage Rates

Page 1 of 3 | Next PageShow Entire Article If you’re not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today ($14.294 trillion for anyone who’s … Continue reading

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Government’s Mortgage Bailout Under Attack

Page 1 of 4 | Next PageShow Entire Article Today House Republicans will take up arms against a sea of government housing bailouts, voting to abolish the Federal Housing Authority’s (FHA) $14B Short Refi program and the $1B Emergency Mortgage … Continue reading

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‘Renter Nation’ for Low Income Americans

Page 1 of 3 | Next PageShow Entire Article After decades and decades of the ownership society, and all the trouble it exacted on our economy, the Obama administration is and has been pushing the premise that, “Our goal is … Continue reading

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