Posted by MORTGAGE BLOG NEWS on March 5, 2011
President Barack Obama on Saturday unloaded on a divided Supreme Court for allowing more corporate influence over elections. The White House and Democratic lawmakers scrambled to figure out how to blunt the impact of the ruling.
Obama used his radio and Internet address as a platform to expand on criticism Thursday’s decision, which drastically alters the rules of campaign finance going into November’s congressional elections. The 5-4 decision threw out parts of a law that said companies and unions can be prohibited from using their own money to produce and run campaign ads that promote or target particular candidates by name. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
Mortgage companies are finally starting to sign up for a long-delayed piece of the Obama administration’s $75 billion foreclosure-prevention program. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday. » Read more…
Posted by MORTGAGE BLOG NEWS on March 5, 2011
Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can’t pay its mortgage. That’s good business.
Rick Gilson, a college custodial supervisor in South Dakota, wants to walk away from the mortgage on his mobile home. If he does, he’ll be a deadbeat.
Those two borrowers face the same financial dilemma: Their mortgages far exceed the values of their properties. Yet one gets to walk away without guilt, while the other can’t. » Read more…
