Posts Tagged ‘housing’

Obama: Let’s fix the housing crisis 

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

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Obama seeks to broaden reach of housing assistance (AP)

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)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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Obama details broader housing plan (AP)

President Barack Obama holds up a proposed mortgage application form as he speaks at the James Lee Community Center in Falls Church, Va., Wednesday, Feb. 1, 2012. Obama outlined a proposal he proposed in his State of the Union address to allow homeowners with privately held mortgages to take advantage of record low rates, for an annual savings of about $3,000 for the average borrower.  (AP Photo/Cliff Owen)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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Obama to detail broader housing refinance plan (AP)

President Barack Obama, sitting next to Defense Secretary Leon Panetta, right, speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, Tuesday, Jan. 31, 2012. (AP Photo/Susan Walsh)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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Housing bust still haunts the banks (AP)

FILE - This Oct. 12, 2011 file photo shows the J.P. Morgan Chase logo at the base of one of the bank's larger Lower Manhattan buildings in New York. JPMorgan Chase said Friday, Jan. 13, 2012, its income fell 23 percent in the fourth quarter of 2011 after the bank set aside a large sum for litigation reserves and its investment banking income declined. (AP Photo/Kathy Willens, File)AP – The economy may be healing, but banks are suffering from a housing hangover.


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Documents show how Fed missed housing bust (AP)

FILE - In this Nov. 9, 2011 file photo, Federal Reserve Chairman Ben Bernanke speaks during the Federal Reserve Conference in Washington. Newly released transcripts of Fed meetings during Bernanke's first year as chairman show that, among Fed officials, he often expressed the most concern about housing. (AP Photo/Carolyn Kaster, File)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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Advocates: More gay-friendly senior housing needed (AP)

Donald Carter poses for a photograph Thursday, Dec. 15, 2011 in Philadelphia. Carter knows his arthritis and other age-related infirmities will not allow him to live indefinitely in his third-floor walkup apartment in Philadelphia. But as a low-income renter, Carter has limited options. And as a gay black man, he's concerned his choice of senior living facilities might be narrowed further by the possibility of intolerant residents or staff members. Elder advocates say a lack of gay-friendly affordable housing for seniors is leading many to hide their sexual orientation after years of being open about it.    (AP Photo/Alex Brandon)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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