Tag Archives: henry m paulson

Walk Away From Your Mortgage?

When it is in the self-interest of businesses, they walk away from their mortgages all the time. So what’s good for the goose is good for the gander, right? Lenders say there’s something immoral about a homeowner walking away from … Continue reading

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How Best To Employ The Federal Housing Administration

President Obama, our nation turns its lonely eyes to you. It’s like he’s the second coming of Franklin Delano Roosevelt. High on the agenda is shoring up America’s banks. The two biggest — City and Bank of America — are … Continue reading

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Pitfalls To Timeshares

Jack Cummings writes the book Real Estate Finance & Investment Manual: Timeshares are filled with traps that can attract even the smartest of all developers and will then cause them to lose their investment capital property. The reason for this … Continue reading

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Government Pushing To Modify Mortgages

The Los Angeles Times reports on Countrywide. Consumer advocates like Countryside’s new mortgage modification program. They say it is an example of what to do. An important legislator wants other lenders to follow suit. Report: Previous attempts to modify home … Continue reading

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Federal Reserve Cuts Rates

From the LA Times: WASHINGTON — Emergency interest rate cuts Wednesday by the Federal Reserve and five other central banks left in doubt whether government efforts to cure the financial crisis would show results fast enough to avert fresh panic … Continue reading

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The Bailout Will Fail

Economist Paul Craig Roberts writes on VDare: Every example of deregulation that the New York Times editorial provides is located in the Clinton Administration and the George W. Bush administration. I was a member of the Reagan administration. We most … Continue reading

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Restoring Confidence To Financial Markets

Graham Bowley writes: Realizing that its case-by-case approach was not enough, the federal government started to put in place on Friday a sweeping plan to restore confidence in the financial markets. The actions began to get under way on Thursday … Continue reading

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Government To Buy Bad Mortgages

David Stout writes: WASHINGTON — An enormous, taxpayer-financed program to buy up bad mortgages and other distressed debt is necessary to protect the savings and aspirations of millions of Americans, President Bush and Treasury Secretary Henry M. Paulson Jr. said … Continue reading

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Rescuing Home Ownership

Michelle Singletary writes: As soon as I heard about the federal government’s takeover of Fannie Mae and Freddie Mac, I began wondering what this will mean for homeowners long-term. Fannie and Freddie don’t directly lend money to individuals. The institutions … Continue reading

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No Rescue Plan?

From the New York Times: The Treasury secretary, Henry M. Paulson Jr., said Sunday there are no plans to use his new authority to inject capital into mortgage companies Fannie Mae and Freddie Mac, which both posted worse-than-expected earnings last … Continue reading

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