Tag Archives: abc news

Obama Administration Considers Different Refinancing Proposals

Allowing people in government-backed mortgages to refinance at current record lows would boost the economy, boost the housing market, and do it all without increasing the deficit. Such a proposal would not even need Congressional approval. It sounds like something … Continue reading

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Exemption Proposed For Mortgage Securities

The exemption would apply to mortgages where borrowers have made at least a 20% down payment. When buyers have made such down payments, they are much less likely to walk away from their homes and to default. Few free market … Continue reading

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IndyMac As The Model For A Mortgage Turnaround

ABC News reports that the US Treasury is looking at a new proposal from the FDIC to insure mortgages. Lenders would modify loans and in exchange those loans would be insured. More: FDIC chairwoman Sheila Bair touted the benefits of … Continue reading

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Barney Frank Blames Race

From ABC News: Asked how the U.S. mortgage market got to this horrible place, Frank said, “We had too little regulation at a point of great financial innovation. Twenty years ago, most loans were made by someone who expected to … Continue reading

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Who Wants To Give The Fed More Power?

Fed chair Ben Bernanke says that giving the Federal Reserve more power will help it ward off crises such as the current mortgage one. ABC News says the regulations would allow the Fed to keep a tighter watch on banks … Continue reading

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