President Barack Obama introduced a $75 billion homeowner relief program this week. Who will it help? Two sets of homeowners will be eligible to get help under the Obama administration’s foreclosure-prevention plan: People who got plain-vanilla conforming mortgages and who have never fallen seriously behind on the monthly payments might qualify to refinance at lower […]
Video of The Obama Housing Fix: 5 Things to Know
A week after Treasury Secretary Timothy Geithner’s plan to resurrect the financial system landed with a thud, President Barack Obama called his own number Wednesday to unveil the new administration’s ambitious effort to rescue the housing market. In a speech in Arizona–a state that had the nation’s third-highest foreclosure rate in January–Obama detailed a multipronged […]
Obama’s mortgage-aid plan: Some speculators welcome
President Obama says his $75-billion foreclosure-abatement plan won’t help housing speculators. But as blogger Calculated Risk notes, that depends on how you define a speculator. The Obama plan aims to use federal money to help reduce monthly mortgage payments for three to four million “at risk” homeowners. From Calculated Risk: The Obama administration doesn’t understand […]
$75 Billion Housing Lifeline Unveiled By US President Obama
Yesterday, United States President Barack Obama was in Denver, Colorado, when he had signed the slimmed down $787 billion economic stimulus bill into effect. Getting the bill passed was a long and hard fought battle between Obama and the Republicans in Congress. In the US House of Representatives, Republicans unanimously opposed the economic stimulus. In […]
Obama signs huge stimulus, readies foreclosure aid(Video)
DENVER (AP) — Racing to reverse the country’s economic spiral, President Barack Obama signed the mammoth stimulus package into law Tuesday and readied a new $50 billion foreclosure rescue for legions of Americans who are in danger of losing their homes. There was no recovery yet for beleaguered automakers, who were back in Washington for […]
Bank CEOs: The Men Behind the Billions
The eight bank chief executives who will testify before Congress today will explain how they have used money from the government’s Troubled Asset Relief Program, or TARP. The group has spurred their share of headlines in recent months for everything from defending their banks’ spending practices to deciding to forego their multi-million dollar bonuses, as […]
- « Previous Page
- 1
- …
- 14
- 15
- 16
- 17
- 18
- …
- 20
- Next Page »