Housing Market


Busted: The Obama Housing Briefing Book

- September 30, 2012

“President Barack Obama Will Be In Las Vegas, Nevada For A Campaign Rally On Sunday, September 30, 2012 …”... Continue Reading »


They Said It! Rep. Brad Miller (D-NC) Takes Obama And Geithner To Task For Their Failed Housing Policies

- August 16, 2012

"We Are Five Years Into The Housing Crisis, And We Have Yet To Break The Cycle Of Foreclosures And Declining Home Values." "We are five years into the housing crisis, and we have yet to break the cycle of foreclosures and declining home values. Foreclosures caused a decline in home values and the decline in home values caused more foreclosures. Vacant foreclosed homes stigmatized neighborhoods, pushing down home values and priced-to-sell foreclosed homes flooded the market." ... Continue Reading »


“The Housing Market Is Weak”

- July 20, 2012

In Palm Beach, FL, Obama Acknowledged That "The Housing Market Is Weak." OBAMA: "Here in Florida, you know, we're all still concerned that the housing market is weak. You know, you're starting to see some signs of life around the country but still a lot of homes are under water." ... Continue Reading »

Press Release

Chairman Priebus: “On Jobs, Obama is Running from Reality”

- June 1, 2012

"Today's extremely troubling jobs report is yet another sad reminder that President Obama's policies simply are not working-and that we need a president who understands the economy.... Continue Reading »


The Big Fail: NV-ermind That Promise

- May 11, 2012

Today, Obama Will Be In Reno, Nevada, “Among The Places Hit Hardest By The Housing Bust,” To Discuss His Housing Policies. “For example, while in Reno, Nev., during a trip West later this week mostly to raise campaign money, Mr. Obama will push one of the proposals, to allow more families who are current on their mortgages to refinance at lower interest rates. Nevada, a swing state critical to his re-election, is among the places hit hardest by the housing bust.”... Continue Reading »


Warren Buffett: Housing Market “Remains In A Depression”

- May 7, 2012

CNN’s Poppy Harlow: “It's always interesting to hear his take on the economy because he's a man who invests with very simple, straightforward rules but I was a little surprised to hear how sorta — how he just doesn't think that the housing recovery is here really in any way, shape, or form. The word he used for housing, still, today is a ‘depression.’ That's how we started out our interview. Take a listen to his words.”... Continue Reading »


The Big Fail: How’s Obama Working For You?

- April 19, 2012

Nearly Two-Thirds Of Americans Are Worried About Paying For Housing, And One In Five Americans With Mortgages Say They Are “Underwater.” “Nearly two-thirds of people are concerned about paying for their housing, the poll found, and one in five people with mortgages say they are underwater.”... Continue Reading »


“Something Of A Failure?”

- March 6, 2012

CNN’s Jessica Yellin Identifies Obama’s Housing Policies As “Something Of A Failure.” CNN’S Jessica Yellin: “If I had a chance to ask him a second question, I really would have asked him why is it that if this is so important, it took you three years to roll out this plan? Brooke, I’d point out that three years into his administration there are almost as many houses underwater as there were at the beginning of the administration, and he has rolled out more than 10 housing refinance plans in that time, so what's taken -- isn't this something of a failure to date?”... Continue Reading »


Obama To Announce Housing Program After Three Years In Office And Past Failed Housing Announcements

- March 6, 2012

“President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration's latest efforts to address a persistent housing crisis. In his first full news conference of the year Tuesday, Obama was to announce plans to let borrowers with mortgages insured by the Federal Housing Administration refinance at lower rates, saving the average homeowner more than $1,000 a year.” (Jim Kuhnhenn, “Obama Holds News Conference, Unveils Housing Plan,” The Associated Press, 3/6/12)... Continue Reading »


Obama’s Florida Foreclosure Problem

- February 16, 2012

Good Morning – Newspapers from around the state today are reporting on rising foreclosures in Florida. It’s clear that President Obama has failed to fix the housing market in Florida and even his latest plan still falls short. Please see below for a roundup of today’s most recent numbers:... Continue Reading »


With 3 Years Of Failure, White House Pressed On “New” Housing Program

- February 1, 2012

At today’s press briefing, the White House was repeatedly asked about Obama’s three-year record of failure to address the housing crisis. Check out the questions below:... Continue Reading »


Talking In Circles On Housing

- February 1, 2012

Today in Falls Church, VA, Obama will announce another housing program which he already unveiled at the State of the Union. The program joins the “alphabet soup” of housing proposals enacted by Obama, which have failed to keep millions of Americans in their homes.... Continue Reading »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


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 »


“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 »


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 »


Millions Of Foreclosures With A Million More To Come

- July 14, 2011

“The Number Of U.S. Homes That Received Foreclosure Filings Rose In June For The First Time In Three Months …”... Continue Reading »


Obama’s Housing Bust

- June 6, 2011

PROMISE: President Obama Promised That His Housing Program Would Prevent 7 to 9 Million Families From Foreclosure. “And we will pursue the housing plan I'm outlining today. And through this plan, we will help between 7 and 9 million families restructure or refinance their mortgages so they can afford—avoid foreclosure.”... Continue Reading »


What’s He Been Reading?

- June 2, 2011

SHOT: HUD Secretary Said His Reading Of The Data Leads Him To “Expect To Start Seeing A Sustained Recovery” In The Housing Market And Increased Home Prices. “[HUD Secretary Shaun Donovan] also said that a slight uptick in job creation and the slowing pace of foreclosures should lead to an increase in home prices after drastic declines brought on by the bursting of the real estate bubble. ‘My reading of the data and where we are is I’d expect to start seeing a sustained recovery later this year, not next year,’ Donovan said. ‘But obviously there are lots of variables.’”... Continue Reading »


Hope Is Not A Home

- June 1, 2011

Among the bevy of disappointing economic news in the last 48 hours, Standard & Poor reported that the Home Price Index dropped to its lowest level since 2002. This news confirms that the nation’s housing market is indeed in a double-dip. The driving force behind this renewed decline is the effect that millions of foreclosed homes are having on the market. Last month, 37 percent of all homes sold were distressed properties at some stage in the foreclosure process.... Continue Reading »

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