homeowners

The Obama administration unveiled the details of its new housing rescue plan today, and Bloomberg has some of the specifics:

The insurance giant AIG is back with its hands out, asking for yet another government bailout, the New York Times reports. At TPM, Josh Marshall raises an interesting question. Where does the bailout money for AIG  — at $150 billion and counting — really go?

Andrew Sullivan takes a shot at the Obama administration’s plan to help homeowners, noting that he’s diligently paid three mortgages and now is expected to bail out people who gave in to “greed, wishful thinking, and recklessness.”  His comments follow on the heels of the now-famous Rick Santelli rant on CNBC, which — mistakenly, in [...]

The house that former Manassas homeowner Julio Angulo lost in a foreclosure eviction chronicled by TWI is back on the market. Haymarket Realtor Keith Elliott Jr. said Angulo’s former home is listed for $84,900.
Think about that for a minute. Angulo bought the townhouse, in a working class subdivision in suburban Virginia, for $280,000 in 2005.
Now it’s [...]