Tag Archives: barack obama

Mortgage Bonds Pay Price For Obama’s Refinancing Scheme

Every time the government decides to do something, it is good news for parts of the economy and bad news for parts of the economy. Obama’s refinancing scheme for home underwater is undoubtedly good news for home owners in trouble … Continue reading

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Obama’s Plan To Expand Mortgage Refinancing Seems Like A Political Statement

Investors in mortgage-backed security bonds regard President Obama’s plan to expand mortgage refinance as more of a political theater rather than an economic reality. Significant parts of the president’s plan would need congressional approval and that is unlikely to happen … Continue reading

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President Obama’s Plan To Boost The Housing Market

With the housing market in the doldrums, it is difficult to have an economic recovery. Home prices are on average one-third below where they were in 2006. Mortgage interest rates are at record lows but most of the homeowners who … Continue reading

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Obama’s Mortgage Relief Efforts Don’t Help Many

The number of homes going into foreclosure each month remains high. The curve of foreclosures is only slowly declining. A much smaller number of homeowners are getting helped by Obama’s HAMP program than was predicted, but for them the help … Continue reading

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The Federal Reserve Pushes Mortgage Interest Rates Lower

The Federal Reserve under Ben Bernanke is doing everything it can to prevent America from falling into another recession. It is lowering interest rates and prompting a mini flood of refinance applications. How much will this help the housing market? … Continue reading

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Boom In Foreclosures Bigger Than Boom In Refinancing

It is all bad news for the re-election chances of Barack Obama. So his advisers are pondering a plan to subsidize and guarantee millions of mortgage refinances that the private market won’t underwrite. This would be typical for the Democrats, … Continue reading

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Is The S&P Investigation Another Example Of Gangster Government?

Barack Obama comes from Chicago, which has about the dirties politics in the nation. Michael Barone started calling the Obama administration “gangster government” in 2009 for the way it was handling its GM intervention, doing everything for the unions while … Continue reading

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Mortgage Applications Rise

It is no surprise that mortgage applications are rising. What is surprising is how small the increase is. Last week, applications went up just 4.1%. Why are mortgage applications going up? Because mortgage interest rates are dropping. Why aren’t mortgage … Continue reading

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Obama Predicts It Will Take A Year For Housing To Turn Around

Most of the experts I hear and read say that it will take at least three years for home prices to rebound. The president says it will take a year. If the president says a year, I think it will … Continue reading

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How Can We Give The Private Sector A Nudge Into The Mortgage Market?

The federal government played a big role in creating the 2007-2008 housing crash that is still with us. It forced banks to lend money to people (favored minorities) with poor credit and they turned out, in many cases, to be … Continue reading

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