The U.S. home foreclosure rate has hit the highest level in 25 years. Families across the country are losing their homes. In many cases because falling home prices have made their adjustable rate mortgages no longer affordable.
Tag: loans
David Brooks: The Bailout Artists
What’s the most underdiscussed issue of this presidential campaign?
The Peak Oil Crisis: Connecting the dots
Earlier this week oil closed above $100 a barrel for the first time. To make matters worse, wholesale gasoline and heating oil jumped 11 cents a gallon in a single day to their all-time highs. A lot of bad news triggered the increase of nearly $14 a barrel in the […]
Paul Krugman: Henry Paulson’s Priorities
By Bush administration standards, Henry Paulson, the Treasury secretary, is a good guy. He isn’t conspicuously incompetent; and he isn’t trying to mislead us into war, justify torture or protect corrupt contractors.
Paul Krugman: Facing Up To Bad Housing Loans
It pains me to say this, but this time Alan Greenspan is right about housing.
Jim Moran’s News Commentary
Every year, some 200,000 students are unable to attend college because they can’t afford the cost. But this week Congress is sending to the President’s desk legislation that provides the largest increase in college financial aid since the GI Bill of Rights of 1944. It will help millions of students […]
Jim Moran
This week, House Democrats are taking the first of many steps during the 110th Congress to implement an Innovation Agenda that will spur economic growth and unleash the next generation of discovery.
Urban Institute: Sub-Prime, High % Mortgages Spell Danger in Region
Risky Loans Up 300% in Fairfax Co. Since ‘01 A five-year boom in sub-prime and high interest mortgage lending in Fairfax County is coming around to bite the regional economy on the backside as the housing market flattens, and that could spell real woe.
Jim Moran’s News Commentary
On the anniversary of Hurricane Katrina’s devastation of the Gulf Coast, I joined a group of Democratic lawmakers, led by Minority Leader Nancy Pelosi, to tour the region. Our objective was to survey the rebuilding efforts and hear from local residents about the problems they’ve been experiencing in the past […]
