All Posts Tagged With: "freeze"
Obama fed pay plan to swell mortgage foreclosures
The White House plan to halt federal pay increases in 2011 and 2012 is a textbook example of the wrong idea with the wrong marketing plan, one which will unfortunately increase foreclosures nationwide. To start, the White House explains that “because of the irresponsibility of the past decade, the President inherited a $1.3 trillion projected [...]
1Dec2010 | Peter G. Miller | 3 comments | Continued
Mortgages: Can You Stop Line of Credit Freezes?
The Federal Reserve has published a new guide to home equity line of credit financing — and what you can do if your lender reduces or freezes your HELOC. To be polite, not a damn thing. The Board’s 5 Tips for Dealing with a Home Equity Line Freeze or Reduction first tells us the following: [...]
10Aug2009 | Peter G. Miller | 0 comments | Continued
Did One Mortgage Regulator Get It Right?
For months, Sheila Bair, head of the Federal Deposit Insurance Corporation, has been saying that there’s an instant solution to the mortgage meltdown that can prevent massive numbers of foreclosures. Not a perfect solution, but a solution. Her idea? Freeze toxic loans at their original interest rates. Writing in the New York Times, Bair says [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 