5 Articles match "Bailout","Help","Washington"

• The Best from RealtyTrac

  MORE

• Another Approach to $700 Billion Bailout
  
  Peter Miller, author of the Common-Sense Mortgage, has offered up some alternatives to the proposed $700 billion bailout plan. Below are excerpts from an article he wrote about these alternatives. "One alternative is to simply offer low-interest loans to borrowers who currently have toxic mortgages. "Figures developed by Rick Sharga, senior vice president at RealtyTrac, show that the likely cost of low interest loans would be roughly $220 billion — hardly cheap, but a lot less expensive than the $700 billion plan now being discussed in Washington. "Sharga's
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• History in Sen. Dodd's Favor, But Nothing Else
  
  time when politicians come out in droves to complain to the American public about pork-barrel spending and the massive red tape involved by increased Washington bureaucracy. It was only a few months ago that President Bush declined to accept any alternative that would act as a bailout of either subprime lenders or homeowners who were greedy enough to buy more home than they could rightly afford, and then benefit from their greed. It’s a presidential election year. A
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• As Foreclosures Mount, Candidates React to the Credit Crisis
  
  The Republicans, on the other hand, are opposed to a government bailout for lenders, homeowners and speculators. Here’s what the major presidential candidates have to say about the growing foreclosure epidemic: Democrats The three main Democratic presidential candidates — Clinton, Obama and Edwards —have made various proposals for modest reform, including setting up a federal fund to help homeowners fend off foreclosure and providing borrowers with counseling, along with laws to ban predatory lending policies. With mortgage foreclosures at historic highs, Democrats and Republicans are fighting over a political issue that could have major implications in the 2008 presidential campaign.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Long-Term Solution for Fannie and Freddie Dilemma
  
  Second, some people think it would be a really good idea to dismember Fannie Mae and Freddie Mac. "I say that we cant let them go fast enough," explains a commenter by the name of Wazzel who posted on the Washington Independent website. "Let As UBS analysts point out, because Fannies and Freddies subordinated debt is used when they calculate capital -- the financial cushion regulators require to support the companies operations -- interest payments on the debt may have to stop if a bailout occurs. Long-Term Solution for Fannie and Freddie Dilemma By Peter G. Miller 
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• As Home Prices Plummet, When Will You Buy?
  
  And that intervention could just be damming up another coming flood of foreclosures or it could actually be having a lasting impact and helping folks stay in their homes for the long term. Understandably, they don’t want to take their losses and perhaps are waiting for additional bailout from the government With the upcoming severe economic downturn, why would anyone buy now at these high prices?
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE