Congress went back for a second helping Thursday afternoon. After passing, 239 to 188, a bill sponsored by Rep. Maxine Waters (D-CA) that would allot $15 billion in loans and grants to states to buy up and rehabilitate foreclosed properties the whole House took on and passed a second, broader, piece...
Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School's 32nd annual dinner, Bernanke said the rate of foreclosures...
The House Financial Services Committee began two days of hearings Wednesday on the economic, mortgage, and housing rescue plan announced last week by Committee Chairman Barney Frank. The two day hearing, on April 9 and 10 will include testimony from federal regulators, academics, economists, and representatives...
Also Read : Clinton Housing Plan - McCain Housing Plan The third candidate to outline his plans for ending the housing market meltdown was Senator Barack Obama . Speaking at Cooper Union in New York recently the senator addressed the need for tightening regulations and reforming the financial regulatory...