Tag Archives: affordable housing trust fund

Does The Bailout Go Far Enough?

From Denver: Ben Hanna, state director for the community activist group Colorado ACORN, said the bailout is little or no help for those who need it most. “Unless there are real and specific steps taken to address the foreclosure crisis, … Continue reading

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American Home Ownership Struggles

From the Washington Post: The suspension of Fannie Mae and Freddie Mac as private enterprises means the federal government can no longer require them to spend shareholders’ money on affordable-housing programs. Fannie Mae and Freddie Mac were supposed to pick … Continue reading

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Controversial ACORN Group Funded By New Mortgage Bill

From the WSJ: One of the biggest likely beneficiaries, despite Republican objections: Acorn, a housing advocacy group that also helps lead ambitious voter-registration efforts benefiting Democrats. The organization’s main advocacy group lobbied hard for passage of the housing bill, which … Continue reading

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Housing Bill Passes House

From the New York Times: WASHINGTON — The House approved far-reaching government assistance on Wednesday for the nation’s housing market, including broad authority for the Treasury Department to protect the nation’s two largest mortgage finance companies from collapse. The measure … Continue reading

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Refinance Bill Passes US Senate Committee

CNNMoney reports: NEW YORK (CNNMoney.com) — The Senate Banking Committee on Tuesday voted 19-2 to pass a housing bill that the panel’s leader hopes could be signed into law by July. The bill would prevent foreclosures, create affordable housing and … Continue reading

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