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Obama’s Broken Promise On Foreclosures

- October 25, 2011

Obama's promise to help up to 9 million Americans avoid foreclosures "hasn't worked out.” In 2009, Obama promised that his housing program would prevent 7 to 9 million families from facing foreclosure.... Continue Reading »

Blog

The Reviews Of Obama’s New Housing Initiative Are In…

- October 24, 2011

The reviews of the President’s latest program to address the housing crisis are in and they aren’t good. And apparently the administration doesn’t have many answers about their new program beyond “we can’t wait.” ... Continue Reading »

Blog

Backgrounder On The Housing Crisis And Failure Of Obama’s Housing Programs

- October 24, 2011

President Obama’s Housing Programs Have Spent Only $2.4 Billion Of The $50 Billion Allocated, And Only Helped 1.7 Million Avoid Foreclosure Of The 9 Million Homeowners Obama Promised. “President Obama pledged at the beginning of his term to boost the nation’s crippled housing market and help as many as 9 million homeowners avoid losing their homes to foreclosure. Nearly three years later, it hasn’t worked out. Obama has spent just $2.4 billion of the $50 billion he promised. The initiatives he announced have helped 1.7 million people.”... Continue Reading »

Research

They Said It! CA Dem Says Obama’s Housing Plan “More Of The Same”

- October 24, 2011

MSNBC’s Chuck Todd: “And it started with housing. Today, the president is rolling out a new housing plan. What do you think?”... Continue Reading »

Research

“Do Something Or Get Out Of The Way”

- October 12, 2011

Rep. Elijah Cummings (D-MD) Was “Shocked” To Learn Edward DeMarco, Chief Regulator For Fannie Mae And Freddie Mac, Had Never Met Someone Who Was Foreclosed Upon. CUMMINGS: “When he told us that he had never talked to somebody who had been foreclosed upon — or was in danger of [being foreclosed upon] — to be honest with you, that shocked me.” ... Continue Reading »

Blog

Obama’s Non-Plan For The Mortgage Crisis

- September 16, 2011

In an attempt to build support for the President’s second stimulus, within a highly critical democratic caucus, the White House scheduled a meeting to brief members on Obama’s new plan to stem the mortgage crisis. Democrats who were expecting to receive a briefing on “a very significant housing initiative” from Federal Housing Finance Agency director Edward DeMarco, were instead greeted by career employees who admitted that the agency didn’t know anything about President Obama’s plan to fix the housing market.... Continue Reading »

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