Tag Archives: mortgage relief

Mortgage Relief Plan Close

The Attorney Generals of New York and California are expected to sign on to a major deal between state and federal government representatives and the biggest lenders. In exchange for paying out about $25 billion, the banks will settle claims … Continue reading

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Obama’s Mortgage Relief Plan

President Obama made his first big speech today on his mortgage relief program. He draws a sharp contrast between his interventionist approach and the hands-off style of his likely Republican opponent Mitt Romney. Obama keeps intervening in the housing market … Continue reading

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Obama’s Mortgage Relief Efforts Don’t Help Many

The number of homes going into foreclosure each month remains high. The curve of foreclosures is only slowly declining. A much smaller number of homeowners are getting helped by Obama’s HAMP program than was predicted, but for them the help … Continue reading

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California Atty. Gen. Kamala Harris Pushed To Get Tough With Banks

I saw California Atty. Gen. Kamala Harris on the Larry King show last year debating Dennis Prager about same-sex marriage. She was unimpressive. She didn’t answer questions. She just repeated familiar talking points. Now she’s a big player in the … Continue reading

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Ever Heard Of An Unscrupulous Mortgage Lawyer?

Many lawyers have been making bank negotiating for homeowners to get modifications of their mortgages. Lawyers are taking money and frequently accomplishing nothing in the way of mortgage relief for their clients. Sounds like a good gig if you can … Continue reading

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What’s The Tea Party Plan For The Housing Market?

The Republican-controlled House of Representatives has voted to end three current home ownership subsidy schemes. While controlling only one chamber of government, the Republicans are limited in how much change they can bring about but an analysis of the bills … Continue reading

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Mortgage Relief Plans Offer False Hope

In most cases, they only delay the inevitable. And why should banks rewrite contracts? Doesn’t anyone believe in the sanctity of contracts anymore? If you bought more home than you could afford, why should those who were responsible with their … Continue reading

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House Republicans Seek To Kill Obama’s Mortgage Plan

Conservatives in the U.S. House of Representatives want to kill many of Obama’s fanciful ideas, including his HARP program for mortgage relief. The freer the market for housing, the quicker that sector will recover. Liberals want more government intervention. They … Continue reading

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The False Promise Of Mortgage Relief

Since the subprime mortgage crisis hit in 2007, politicians have been promising to do something about it. And they have. They’ve produced numerous programs to help people who are having a hard time paying off their mortgages. But the promises … Continue reading

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Should The Government Provide More Mortgage Relief?

When you ask the government to intervene in the mortgage market to bail out people who bought more home than they could afford, you are reducing moral hazard (the price people pay for bad decisions). You make the free market … Continue reading

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