Richmond, Calif., took a step toward setting up a mortgage principal reduction program to help homeowners with troubled loans, while leaving the door open to using its eminent domain powers to acquire the debt.
Read More »San Francisco readies to marry ‘anyone who wants’ a ceremony
Gay marriages may resume in a matter of weeks, once legal procedures are completed.
Tagged with: same-sex marriage
Read More »Reviving Glass-Steagall means escalating ‘war’ on Wall Street
A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc. Lawmakers in both parties, seeking to prevent future financial crises while soothing public anger over ...
Tagged with: Glass-Steagall Act John McCain Wall Street
Read More »$275 billion plan to stem foreclosures unveiled
U.S. President Barack Obama pledged $275 billion to a program that includes cutting mortgage payments for as many as 9 million struggling homeowners and expanding the role of Fannie Mae and Freddie Mac in curbing foreclosures. The plan will help ...
Tagged with: Barack Obama Fannie Mae foreclosure Freddie Mac mortgage
Read More »Obama’s foreclosure plan may back rewritten loans
The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...
Tagged with: Barack Obama foreclosures home loans reduce mortgage payments
Read More »Obama’s foreclosure plan may back rewritten loans
The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...
Tagged with: Barack Obama borrowers Comptroller of the Currency John Dugan Federal Housing Finance Agency foreclosure mortgage payments regulates
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