Posts Tagged ‘Obama’

Obama takes $1.5 billion from bank bailout to aid homeowners

Obama takes $1.5 billion from bank bailout to aid homeowners
President Obama sought to give a needed lift to Senate Majority leader Harry Reid’s re-election chances on Friday, crediting him with helping stave off a depression over the past year while rolling out a $1.5 billion mortgage program meant for a handful of states that have endured waves of home foreclosures.

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Obama Announces Foreclosure Rescue For 5 States

Obama Announces Foreclosure Rescue For 5 States
President Obama unveils a plan to pump $1.5 billion into state and local housing agencies in an effort to help Americans stay in their homes. Homeowners in California, Florida, Nevada, Arizona and Michigan — where home prices have fallen 20 percent from their peaks — will benefit from the program.

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Obama administration plans to send aid to homeowners

Obama administration plans to send aid to homeowners
The Obama administration announced another program to help troubled homeowners in 5 states including CA.

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Obama Comes to Bushwick, but the Vultures Arrive Sooner

Obama Comes to Bushwick, but the Vultures Arrive Sooner
In Bushwick, a Brooklyn neighborhood where foreclosures became an epidemic, opportunists are making a killing. Many offer struggling homeowners help from President Obamas mortgage rescue plans in exchange for thousands of dollars, and vanish once they receive the money.

Read more on New America Media

Obama Debt Market Catches Break as U.S Signals Peak in Auctions

Obama Debt Market Catches Break as U.S Signals Peak in Auctions
The Treasury’s decision to stop increasing the size of debt auctions may temper a rise in bond yields and bolster the economy just as the Federal Reserve withdraws emergency spending measures.

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Obama Calls For Small Business Mortgage Refinancing, Increase To Loan Limits

Obama Calls For Small Business Mortgage Refinancing, Increase To Loan Limits
(RTTNews) – President Barack Obama Friday proposed the next in a series of measures aimed at assisting small businesses and creating jobs.

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Obama Says Small Business Will Lead Hiring in Economic Recovery

Obama Says Small Business Will Lead Hiring in Economic Recovery
Feb. 6 (Bloomberg) — President Barack Obama said small businesses are “the places where most new jobs begin” and will be at the forefront of new hiring as the economy recovers.

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Obama Proposes Expansion of Small Business Loans

Obama Proposes Expansion of Small Business Loans
The President is proposing that Congress pass two temporary expansions of critical Small Business Administration (SBA) lending programs. These are both legislative proposals designed to help small businesses through what continues to be a difficult period in credit markets.

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Obama Administration Knew Foreclosure Program Wasn’t Working Right, Did Nothing

Obama Administration Knew Foreclosure Program Wasn’t Working Right, Did Nothing
by Shahien Nasiripour Even as the Obama administration’s signature foreclosure-prevention program has foundered, Treasury Department officials have known that a key driver in keeping people in their homes in the long run is reducing mortgage principal, senior Treasury advisor Seth Wheeler told the Huffington Post. Wheeler is one of the architects of the administration’s housing plan. read more

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China Warns Obama on Dalai Lama as U.S. Ties Sour (Update1)

China Warns Obama on Dalai Lama as U.S. Ties Sour (Update1)
Feb. 2 (Bloomberg) — China said a meeting between the Dalai Lama and President Barack Obama would set back ties with the U.S. that have soured in recent weeks over censorship of Google Inc.

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