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Conflict Of Interests

- January 31, 2012

Freddie Mac Has Placed Bets Against American Homeowners. “Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates. Freddie began increasing these bets dramatically in late 2010, the same time that the company was making it harder for homeowners to get out of such high-interest mortgages.” ... Continue Reading »

Research

Just More Words: Obama Wants Nevada Homeowners To Drink The Sand

- January 26, 2012

The White House Declined To “Outline The Mechanics Or Costs” Of Obama’s New Mortgage Refinance Program. “President Barack Obama called on Congress during Tuesday's State of the Union address to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage rates. Administration officials declined on Tuesday to outline the mechanics or costs of the program, and they said those details would be spelled out in the legislation in the coming days.”... Continue Reading »

Research

Modesto Renovates Homes Expensively, Doesn’t Recoup Money In Sales

- January 17, 2012

In an effort to stabilize the city's real estate market, a federal stimulus program has spent nearly $1.5 million on eight Modesto homes that ended up being worth less than $1 million.... Continue Reading »

Research

They Said It! Democrat Congressman Lists Out Obama’s Failed Housing Programs

- November 16, 2011

Rep. Elijah Cummings (D-MD): “What I have seen is an agency that basically has to be dragged to do its work by the Congress. Let's look at performance. HAMP, the Home Affordable Modification Program was supposed to help 3 million and 4 million homeowners modify their loans. So far it has helped fewer than 800,000, is that true?”... Continue Reading »

Research

A Bonus For Hypocrisy

- November 1, 2011

Obama’s Efforts To Fix “The Housing Crisis May Have Fallen Short … But They Have Led To Seven-Figure Paydays For Some Top Executives At Troubled Mortgage Giants Fannie Mae And Freddie Mac.”... Continue Reading »

Research

FAILED PROMISE: Obama On Foreclosures

- October 28, 2011

THEN: On October 28, 2008, Obama Ensured His “Financial Rescue Plan” Would “Stop Foreclosures.” OBAMA: “As President, I will ensure that the financial rescue plan helps stop foreclosures and protects your money instead of enriching CEOs. And I will put in place the common-sense regulations I've been calling for throughout this campaign so that Wall Street can never cause a crisis like this again. That's the change we need.” ... Continue Reading »

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