Tag Archives: mortgage bailout

The Dismal Results Of Home Affordable Modification Program (HAMP)

Government intervention to provide cheap money, lowered lending standards and massive land-use restrictions caused the housing boom and bust. Now we have Home Affordable Modification Program (HAMP) which seeks to soften the blow of people buying more home than they … Continue reading

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Another Mortgage Bailout

Time for banks to rework loans? Time for more government intervention? Time for the FDIC to guarantee loans inexchange for deals where the lenders offer homeowners lower rates and more affordable payments? Here’s a bleeding heart op/ed from today’s New … Continue reading

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Economists On The Mortgage Crisis

A letter to the Washington Post: If we believe the economists, the meltdown of the home mortgage industry is what is causing the sense of crisis in financial markets around the world. Congress has passed a $700 billion emergency package … Continue reading

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Mortgage Bailout Won’t Help Much

Here’s an op/ed from Bloomberg: The huge mortgage and housing-bailout bill signed by President George W. Bush last week won’t immediately halt 8,500 American homes a day from slipping into foreclosure. This leveraged bailout of quasi-government mortgage enterprises and strapped … Continue reading

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Angry At The Mortgage Bailout

From the WSJ: "It seems like America‘s renters may NEVER be able to afford a home," AngryRenter.com laments. The housing crisis has sparked broad financial and economic distress. On Thursday, key Senate Democrats and Republicans reached an agreement in principle … Continue reading

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John McCain’s Mortgage Bailout Plan

The Los Angeles Times reports on McCain’s plan to  help "well-meaning, deserving homeowners who are facing foreclosure" . The Republican nominee called for a Justice Department investigation into possible "criminal wrongdoing" by unscrupulous lenders. How efficiently can the government determine … Continue reading

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Restoring Faith In The World’s Credit Markets

Reuters reports on solutions to the credit crisis. Should central banks start buying toxic mortgages? The Bank of England says it will not. LONDON: The global financial crisis that has raged for months shows no signs of ending, and the … Continue reading

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