President Obama today unveiled his administration’s fourth attempt to stave off the worst effects of the mortgage and housing crisis, the latest in a series of efforts that started with the Home Affordable Modification Program and now includes special assistance for the hardest-hit states and incentives for banks More…
President Obama’s mortgage modification program, known as the Home Affordable Modification Program or HAMP, was supposed to be the fulfillment of Obama’s promise to take care of Main Street more than Wall Street. Yet, just over a year into his presidency, Wall Street is on the rise and Main Street More…
Of all the interesting tidbits in Brett Arends’ article in The Wall Street Journal about how to decide whether to walk away from your mortgage, his admission that the middle class is the only part of America adhering to standards of personal financial responsibility might be the most More…
The Obama administration unveiled the details of its new housing rescue plan today, and Bloomberg has some of the specifics:
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