Tag Archives: Treasury Secretary

Obama Gets Big ‘No’ On Slashing Mortgage Debt

Posted on August 1, 2012 by Loren Bimler

Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading →

US Treasury Forcing Mortgage Principal Forgiveness

Posted on February 2, 2012 by Loren Bimler

Late Friday the U.S. Treasury Department announced a major expansion of its Home Affordable Modification Program (HAMP). The three-year-old program has been largely deemed unsuccessful, as it has provided just about 750,000 borrowers with permanent loan modifications. The initial expectation … Continue reading →

Posted in Denver Real Estate News | Tagged Borrowers, Cash Incentives, Conservator, Demarco, Ed Mills, Fannie Mae, Fbr, Fhfa, Financial Incentives, Financial Institutions, Forbearance, Freddie Mac, Initial Program, Interest Rate Reduction, Members Of Congress, Michael Barr, Treasury Department, Treasury Secretary, U S Treasury, U S Treasury Department | Comments Off

The Debt Crisis and Mortgage Rates

Posted on May 17, 2011 by Loren Bimler

If you’re not talking about the head of the IMF today, then the only thing left really is the debt ceiling, which we officially reached today ($14.294 trillion for anyone who’s counting). While estimates are that it will take until … Continue reading →

Posted in Denver Real Estate News | Tagged Conservatorship, Debt Ceiling, Debt Crisis, Debt Limit, Debt Obligations, Finance Sector, Financial Institutions, Fragile Economy, Gdp Ratio, Glenn Kelman, Market Impact, Market Psychology, Michael Barr, Miller Tabak, Mortgage Interest Rates, Mortgage Rates, Play Today, Securitization, Treasury Rates, Treasury Secretary | Comments Off

Government’s Mortgage Bailout Under Attack

Posted on March 3, 2011 by Loren Bimler

Today House Republicans will take up arms against a sea of government housing bailouts, voting to abolish the Federal Housing Authority’s (FHA) $14B Short Refi program and the $1B Emergency Mortgage Relief Program. Next week they will take up the … Continue reading →

Posted in Denver Real Estate News | Tagged Approved Lenders, Fannie Mae, Fannie Mae And Freddie Mac, Federal Housing Authority, Freddie Mac, Government Housing, Government Program, Hamp, House Subcommittee, Massad, Mortgage Bailout, Mortgage Relief, Neighborhood Stabilization, Oversight Subcommittee, Patrick Mchenry, Principal Balance, Stabilization Program, State Of Arizona, Taxpayer Dollars, Treasury Secretary | Comments Off

‘Renter Nation’ for Low Income Americans

Posted on March 2, 2011 by Loren Bimler

After decades and decades of the ownership society, and all the trouble it exacted on our economy, the Obama administration is and has been pushing the premise that, “Our goal is not for every American to become a homeowner.” That … Continue reading →

Posted in Denver Real Estate News | Tagged Fannie Mae, Fannie Mae And Freddie Mac, Finance Options, Financial Services Committee, Foreclosure, Freddie Mac, Good Job, Government Assistance, Home Ownership Rate, House Financial Services Committee, Household Formation, Melvin Watt, New Mortgage, Ownership Society, Premise, Pronouncement, Renter, Sustainable Housing, Timothy Geithner, Treasury Secretary | Comments Off

Tag Archives: Treasury Secretary

Obama Gets Big ‘No’ On Slashing Mortgage Debt

US Treasury Forcing Mortgage Principal Forgiveness

The Debt Crisis and Mortgage Rates

Government’s Mortgage Bailout Under Attack

‘Renter Nation’ for Low Income Americans

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