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Posts Tagged ‘housing’

President Obama pushed Saturday for mortgage reform — an issue central to his election-year focus on the middle class.

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AP – Conceding his earlier housing programs have fallen short, President Barack Obama on Wednesday proposed a vast expansion of government assistance to homeowners, aiming to make lower lending rates a possibility for millions of borrowers who have not been able to get out from under burdensome mortgages.

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AP – President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded that his administration’s housing plans so far have not lived up to their promise.

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AP – The Obama administration is trying to fix a stubborn drag on the economy by allowing millions of more homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth, tackling a difficult issue of vital concern in states key to President Barack Obama’s re-election.

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AP – The economy may be healing, but banks are suffering from a housing hangover.

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AP – Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy.

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AP – At age 62, Donald Carter knows his arthritis and other age-related infirmities will not allow him to live indefinitely in his third-floor walk-up apartment in Philadelphia.

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