Tag Archives: christopher dodd

White House Stalls On New Bill To Prevent Foreclosures

Report: Yes, the White House is still looking at various plans but they haven’t rallied to one idea, not even the popular (with Democrats) national loan modification program that Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC). The … Continue reading

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Another Attempt To Reduce Foreclosures

In 2005, we had a massive housing bubble. Since then, housing prices have plunged and foreclosures have soared. We’ve had massive government intervention into the free market and we’re likely to get more. The most likely next step is the … Continue reading

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Politicians Giving Love/Money To Those Out Of Their Depth With Their Mortgages

Report: WSJ’s Damian Paletta walks us through the measures being considered by the U.S. government to help homeowners facing foreclosure. (Oct. 23) At a Senate Banking Committee hearing, FDIC Chairman Sheila Bair confirmed that “the FDIC is working closely and … Continue reading

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Senator Christopher Dodd Investigated For Possible Ethical Improprieties

From the AP: HARTFORD, Conn. – Connecticut Sen. Christopher Dodd says he’s awaiting for the conclusion of a Senate ethics inquiry before releasing information to two mortgages he received from Countrywide Financial Corp. Dodd told reporters in Hartford on Wednesday … Continue reading

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Democrats & The Mortgage Crisis

Report: Millions of improvident loans to American housebuyers. Freddie Mac and Fannie Mae, the so-called Government Sponsored Enterprises which last month were formally nationalised to prevent their immediate and catastrophic collapse. Step forward, Barney Frank and Chris Dodd. In September … Continue reading

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Ending Abusive Lending

Report: Sen. Christopher Dodd, who has worked with the Connecticut Housing Coalition for years on the issues of homeownership, foreclosure prevention and community development, was one of the first politicians to recognize this growing problem. Dodd brought together leaders of … Continue reading

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Mortgage Perks For Sen. Dodd

Kevin Rennie writes: No wonder Sen. Christopher Dodd won’t release documents related to the $800,000 in cut-rate mortgages he got in 2003 from Countrywide Financial, once the nation’s largest mortgage lender. The primary cause of the collapse of the mortgage … Continue reading

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Buying A Home With Bad Credit

From Newsweek in August 2007: "Everyone was getting loans. People with worse credit than me, even." But the once booming housing market is now foundering in many cities, largely because buyers with shaky credit scores like Miller’s have been defaulting … Continue reading

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Senate Gets Political With Mortgages

WASHINGTON (Reuters) – The Senate will begin debate on a major housing market rescue bill on Thursday, Senate Majority Leader Harry Reid said on Wednesday, spurning calls for delay by Republicans who cited concerns about a controversy involving two Democrats … Continue reading

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Democrats Call For Aggressive Goverment Intervention Into Housing Market

When real estate prices kept going up, there were calls for government intervention and affordable housing. Now prices are plunging and folks on the Left want different government intervention. The AP reports: WASHINGTON: As Treasury Secretary Henry Paulson proposed overhauling … Continue reading

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