Tag Archives: moderate income homeowners

Have You Heard About The 5 Percent Retention Rule?

Bankers are warning of bankruptcy if this new law is enforced. What’s going on here? One of the major reasons for the housing crash was that people selling mortgage loans had little incentive to see that such loans were repaid … Continue reading

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Blaming The Poor For The Mortgage Mess

From the New York Times: During the 1990s, enforcement under the reinvestment act was strong, prime lending to low-income communities increased and it was done safely. If the Community Reinvestment Act caused the subprime crisis, it is hard to make … Continue reading

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How About A Moratorium On Foreclosures?

From Blogging Stocks: The U.S. Congress’ bailout / rescue bill (pdf) is one tool: it will help. Economist David H. Wang said Congressional Democrats were unsuccessful in their effort to get U.S. bankruptcy laws amended so that judges could adjust … Continue reading

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