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Obama nominates new heads of FCC and federal housing agency
WASHINGTON -- President Obama on Wednesday nominated new heads of the Federal Communications Commission and the Federal Housing Finance Agency, saying they would both help expand the economy. Obama tapped venture capitalist Thomas Wheeler to replace...
Tags: U.S. Senate, Financial and Business Services, Federal Communications Commission, Republican Party, Finance
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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: Federal Housing Administration, Freddie Mac, U.S. Department of Housing and Urban Development, Banking, Mortgages
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Fannie Mae, Freddie Mac to offer streamlined loan modifications
In a push to simplify loan modifications, many borrowers who become 90 days or more past due on mortgages backed by Freddie Mac and Fannie Mae will be offered lowered payments without having to prove hardship, the federal regulator of the home-finance...
Tags: Freddie Mac, Kamala D. Harris, Financial and Business Services, Mortgages, Finance
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Prepayment penalties rare on home loans
Real Estate MattersQ: You recently answered a question from a rental property owner about whether to refinance into a 15-year vs. a 30-year loan. I bought my house in 1976 for $70,000 with a 30-year loan where the mortgage payment was $410 per month. At some point, I...Tags: Money and Monetary Policy, Chicago Mortgages, Federal Housing Administration, Freddie Mac, Realty
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Obama nominates Rep. Mel Watt to head Housing Finance Agency
WASHINGTON — President Obama nominated Democratic Rep. Mel Watt to be the top regulator for Fannie Mae and Freddie Mac, moving to replace a career bureaucrat who has been sharply criticized by liberals for not doing more to help troubled homeowners....
Tags: Financial and Business Services, Federal Communications Commission, Republican Party, Elizabeth Warren, Bob Corker
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Obama to nominate Democratic Rep. Mel Watt to head housing agency
WASHINGTON -- President Obama will nominate Democratic Rep. Mel Watt to head the federal housing agency that oversees taxpayer-owned Fannie Mae and Freddie Mac, a White House official said Wednesday. Watt, an 11-term congressman from North Carolina,...
Tags: U.S. Senate, Elizabeth Warren, Barack Obama, Finance, Bob Corker
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Lenders venturing back into subprime market
Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway. After a business bankruptcy and a home foreclosure, they turned to a rare option in this era of tightfisted banking — a subprime loan. The...
Tags: Financial and Business Services, U.S. Consumer Financial Protection Bureau, Homes, Loans, Housing and Urban Planning
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Federal refi program for underwater homeowners hits its stride
The Obama administration's Home Affordable Refinance Program is at last helping legions of American homeowners with upside-down mortgages. Nearly 1.1 million homeowners with little or no equity were able to refinance last year under HARP, which...
Tags: Money and Monetary Policy, Financial and Business Services, Freddie Mac, Mortgages, Interior Policy
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Lifestyle is keeping budget goal out of reach
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...Tags: AAA, Personal Finance, Finance, Federal Housing Administration, Freddie Mac
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MarksJarvis: Financial literacy programs well worth the time
It's Money Smart Week, a collection of free financial literacy programs offered throughout the week, aimed at helping people deal with virtually every money issue imaginable: from how to get out of debt, to buying homes, paying for college, building a...Tags: 401K, Chicago Mortgages, Financial and Business Services, U.S. Consumer Financial Protection Bureau, U.S. Congress
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Keep Your Home California relief still slow but picking up steam
A federal foreclosure-prevention effort that earmarked nearly $2 billion to help troubled California homeowners has delivered only about one-sixth of those funds during its three years in existence. The pace of assistance is finally accelerating,...Tags: Freddie Mac, U.S. Department of the Treasury, Financial and Business Services, Bank of America Corp., Federal Bailout Funds
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Political kin, and politically dangerous
WASHINGTON -- The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons. It responds to financially powerful and politically sophisticated factions. And it encourages rent-seekers to exploit...
Tags: U.S. Consumer Financial Protection Bureau, U.S. Congress, Federal Communications Commission, The Washington Post, Litigation and Regulation
May 1, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| KWCH
Mar 27, 2013
|Story| Los Angeles Times
May 2, 2013
|Column| Tribune Media Services
May 2, 2013
|Story| Los Angeles Times
May 1, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Column| Los Angeles Times
Apr 21, 2013
|Column| Chicago Tribune
Apr 22, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Column| Orlando Sentinel
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