Program to Help Prevent Foreclosures Falls Short
Tuesday, March 15th, 2011The Obama administration’s program to help homeowners avoid foreclosure has fallen far short of its goals, in part because the Treasury Department has failed to spell out what its objectives should be, according to an assessment offered to Congress on Wednesday.
Housing policy must be set on sustainable basis
Tuesday, March 15th, 2011The financial reform bill enacted last week is a significant step toward a much-needed modernization of our regulatory structure.
Feds put up $1 billion more for mortgage relief
Tuesday, March 15th, 2011Congress has just come up with an extra $1 billion to help people who can’t pay their mortgage because of unemployment or a medical problem.
Bond Sellers Join With Mortgage Investors to Seek Tougher Rules
Monday, March 14th, 2011Creators and underwriters of asset- backed securities joined bond investors in telling the Securities and Exchange Commission to go further than proposed new rules on sellers’ obligations to take back bad mortgages from future securitizations.
The Subprime Mortgage Crisis on Trial
Monday, March 14th, 2011The financial meltdown has led to only a few civil and criminal cases against executives, and even those focused on peripheral issues: Goldman Sachs’ peddling of a credit derivative obligation and the communications of two former Bear Stearns hedge fund managers.
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