Lafayette More headlines, and more hopelessness seems to emerge around housing policy in the United States as both homeowners and others desperate about the economy desperately read between the lines looking for an answer and only finding more cluelessness, even as some nuggets of the Obama Administration’s failed policies continue to slip out. This time …
Tag: Freddie Mac
Hard Times and Wild Kingdom
Nairobi The stories on the streets here and the headlines around the world are daunting. The law trimming back collective bargaining in Ohio seems even worse than Wisconsin. The banks and servicers managed to scuttle another foreclosure avoidance program which would have used $1 billion to bridge losses of income and has not accepted one …
Little Hope for Reform in Foreclosure Settlement Negotiations
New Orleans The industry spins the numbers differently each month. Foreclosures are rising, but somehow housing markets are being revived by refinancing. Little of it makes sense and often the information is contradictory, but the bottom line is that housing is still in dire straits across the country. The home mortgage modification program has been …