Posts tagged new york

• New York Times Op-Ed: Mortgaged to the World, Exchange Stabilzation Fund

  Paul Kiesel | August 01, 2008 8:32 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  An very well written Op-Ed showed up in the New York Times on Tuesday concerning President Bush's signing of the housing bill, which occurred the following day. The most interesting element to the...

• Bush Signs Housing Relief Package

  Paul Kiesel | July 30, 2008 2:27 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  President Bush finally signed into law this morning the housing relief bill that seemed, until two weeks ago, as if it wouldn't get signed (see the President's comments from last week), after months...

• Housing Bill Pros and Cons, Bush to Sign It After Senate Vote

  Paul Kiesel | July 25, 2008 8:20 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Whether people agree or disagree with the Housing Bill that was passed by the House on Wednesday, and is expected to be passed by the Senate next week, every homeowner, including homeowners barely...

• Taxpayers on the Hook for Fed's Recent Fannie Mae and Freddie Mac Intervention

  Paul Kiesel | July 14, 2008 4:22 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Fannie Mae and Freddie Mac own over half of the $10 trillion in home mortgages in the U.S. combined. These two government sponsored entities are seen as the wheels that make the mortgage industry...

• McCain: Mortgage Flip-Flopping

  Paul Kiesel | July 10, 2008 5:41 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  To have a change of mind or heart is not a bad thing. People change their minds all the time. So when most people accuse politicians of flip flopping, they're really accusing them of changing their...

• California and Illinois AGs Sue Countrywide Over Mortgage Loans, Borrowers Misled

  Paul Kiesel | June 25, 2008 3:22 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  California Attorney General Jerry Brown filed a complaint today in Los Angeles state court claiming that Countrywide Chief Executive Officer Angelo Mozilo and a unit specializing in loans to...

• $800 Billion in Mortgages are at Moderate to High Risk of Defaulting

  Paul Kiesel | June 24, 2008 8:20 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The New York Times, on February 23, 2008, published an article that elaborated on a Bank of America sponsored housing relief package that was being proposed to Congress, in order to curb further...

• Senator Dodd: V.I.P.

  Paul Kiesel | June 18, 2008 7:42 PM | 4 CommentsLos Angeles, CA Category: Miscellaneous
  

  Senator Chris Dodd said Tuesday that he was aware that Countrywide Financial had assigned him to a V.I.P. program in 2003 (the beginning of the subprime boom) when he refinanced his mortgages on his...

• When It Comes to Combating Mortgage Fraud, Mukasey is Running in Place

  Paul Kiesel | June 06, 2008 6:44 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Attorney General Michael Mukasey rejected the idea on Thursday of creating a national task forced to combat mortgage fraud. Mukasey made it clear that he saw mortgage fraud as a major contributor that is helping exacerbate (if it didn't help start) the housing crisis.

• Senate Approves Compromised Housing Bill

  Paul Kiesel | May 20, 2008 9:11 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  The Senate Banking Committee approved legislation earlier today to help hundreds of thousands of homeowners in danger of foreclosure by expanding the availability of government-insured...