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Keyword: 30yrmortgage

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  • Housing Policy: 70% Of Jobs Created Were Part-time And Obama Wants 40 Million MORE Low-wage Workers

    08/06/2013 2:00:26 PM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 08/062013 | Anthony B. Sanders
    President Obama is in Phoenix today to discuss fixing the housing market. It is reminiscent of President Franklin D. Roosevelt’s speeches in the 1930 on how to fix the housing market. The federal government began its response to the housing crisis in 1932, with the enactment of the Federal Home Loan Bank Act (the Bank Act). The Bank Act created the Federal Home Loan Bank System and the Federal Home Loan Bank Board (FHLBank Board) as its regulator. The federal government also created the Home Owners’ Loan Corporation (HOLC), the Federal Housing Administration (FHA), and Fannie Mae. And the creation...
  • Obama’s “Old Deal” Housing Speech: Save The 30 Year Mortgage (As 7 Out 8 Jobs Created Are Part-time)

    08/06/2013 7:27:29 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 08/06/2013 | Anthony B. Sanders
    President Obama is in Phoenix today to discuss fixing the housing market. It is reminiscent of President Franklin D. Roosevelt’s speeches in the 1930 on how to fix the housing market. The federal government began its response to the housing crisis in 1932, with the enactment of the Federal Home Loan Bank Act (the Bank Act). The Bank Act created the Federal Home Loan Bank System and the Federal Home Loan Bank Board (FHLBank Board) as its regulator. The federal government also created the Home Owners’ Loan Corporation (HOLC), the Federal Housing Administration (FHA), and Fannie Mae. And the creation...
  • President Obama Comes Out for Subsidizing Mortgage Backed Securities

    08/06/2013 7:23:40 AM PDT · by Lorianne · 11 replies
    CEPR ^ | 06 August 2013
    President Obama is going to announce a plan whose main goal appears to be subsidizing mortgage backed securities. Unfortunately the readers of the Washington Post article on the piece probably would not realize this fact. The article simply repeats the Obama administration's assertion that government backing is needed for 30-year mortgages to exist, which it asserted are the backbone of home ownership. "Traveling to Phoenix on Tuesday, Obama is planning to call for a new system, built in part on government backing, that will enable wide access to 30-year mortgages, which are a rarity in other countries. That will require,...
  • Obama heads to Phoenix to pitch mortgage reform

    08/06/2013 5:49:17 AM PDT · by Olog-hai · 30 replies
    Associated Press ^ | Aug 6, 2013 8:41 AM EDT | Julie Pace
    President Barack Obama is proposing to overhaul the nation’s mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac—a plan with bipartisan support on Capitol Hill. Obama will also insist that popular 30-year mortgages be widely available to borrowers, even in a system that would rely more on the private sector than the government to guarantee loans. The president was to outline his proposals Tuesday at a construction company in Phoenix, once the epicenter of the housing crisis following the 2008 economic collapse. The housing market in the region, as in much of the country, has rebounded in...