Tag Archives: mortgage reform

The Case For Mortgage Reform

JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon emerged from the financial crisis of 2008 as America’s most respected banker. He has done nothing since to lose that title. So when Jamie Dimon speaks, people listen. Reuters reports: The second-largest U.S. … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on The Case For Mortgage Reform

When Are We Going To Get Some Mortgage Reform?

The Bush administration did its best to get Fannie Mae and Freddie Mac under control during the housing boom but Barnie Frank and the Democrats (and some Republican legislators) derailed any attempts at reform. Barnie Frank said we didn’t have … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics, Refinance | Tagged , , , , , | Comments Off on When Are We Going To Get Some Mortgage Reform?

CA Not Making Much Progress On Mortgage Reform

From the Los Angeles Times: SACRAMENTO — As the worst foreclosure crisis since the Great Depression drags down the California economy, the Legislature is making only limited progress this year on proposals for sweeping changes in the home mortgage industry. … Continue reading

Posted in California | Tagged , , , , , | Comments Off on CA Not Making Much Progress On Mortgage Reform

Will The U.S. Government Make Or Lose Money With Its Refinancing Proposals?

The government could win a bundle or lose a bundle, depending, says a new study. I don’t understand why the government should bail out those who made bad decisions? Why not do the same for credit card borrowers? If the … Continue reading

Posted in Politics | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Will The U.S. Government Make Or Lose Money With Its Refinancing Proposals?

Congress Expects To Pass Mortgage Relief By July

Barney Frank is all optimistic a deal will be reached. President Bush isn’t so excited about all this additional mortgage relief. He’d rather let the market do its thing. The Democrats and many Republicans want the FHA to expand its … Continue reading

Posted in Politics | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Congress Expects To Pass Mortgage Relief By July