congress

Banking Lobby Wants Congress To Kill Off Their Competition

by Rob K. Blake | May 24, 2009

I came across another bill that demonizes mortgage brokers in it’s intent so much it is paramount to killing off the entire mortgage broker side of the industry. It’s called the ‘Transparency for Homeowners Act of 2009’ and is the latest attempt by bank lobbying to steal the mortgage market all for themselves not by [...]

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Commentary

Congress Not Protecting Mortgage Consumers Any Better

by Rob K. Blake | May 17, 2009

Image via Wikipedia The Democratic leadership in Congress has always claimed the moral high ground on consumer protection issues. Now that they have the power, you’d think they would exercise it. But as we saw this week in passing HR 1728, the “Mortgage Reform and Anti-Predatory Lending Act”, they knuckle under to banking and mortgage [...]

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Commentary

Hotel Industry Ravaged by Fear Stoked by Government, Pleads to Congress

by Joshua Dorkin | February 27, 2009

I just found the advertisement above while reading a political news/opinion website, and thought it was important to share. Read the letter and make your own judgment. I know that there is a feeling that Wall Street is the enemy, and that public companies need to pinch pennies, but as the letter says, the rhetoric [...]

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Commentary

Santa Plunges In Real Estate Debacle; Bailout for Claus? No Way Says Congress

by Charles Feldman | December 16, 2008

Santa Near Starvation! A Christmas Story Last week, we reported on the shocking news that Santa Claus was facing foreclosure and would be forced from his North Pole residence for points unknown unless he secured a government bailout package that would keep him going till at least next Christmas. We regret to inform you that [...]

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Economy

Housing Bailout Quotes of the Day. What Real People think of the Bailout.

by Joshua Dorkin | September 26, 2008

As our great and venerable (throat clears) leaders continue to debate the bailout of banks and millions who cannot afford their homes, I thought that I’d share some quotes that might bring some perspective to the issue: On the value of money nowadays: And to think, $50 billion use to sound like an unimaginable amount [...]

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Commentary

Commentary: How to Really Handle the Foreclosure Problem

by Tom Koziol | July 25, 2008

Last week I opened my big mouth and said I’d present another solution to the foreclosure problem we are facing today. Before I do, I happened across this law: “every insolvency of a bank shall be deemed fraudulent, and the president and directors shall be severally punished by imprisonment and labor in the penitentiary . [...]

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Commentary

Get Out And Vote

by Joshua Dorkin | November 7, 2006

Today is the big day! If you’re reading this and haven’t hit the polls yet, get up and do so! From PBS: It’s a puzzle — voter registration in the United States is at an all-time high but voter participation is nearing an all-time low. In the 1964 presidential elections 69.3 percent of the voting [...]

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Foreclosures

Congress Investigating High Foreclosure Rates in Ohio

by Joshua Dorkin | August 23, 2006

According to 89.7 WKSU out of Kent State University, certain members of Congress discussed the extremly high rate of foreclosures in the Cleveland Area today – there was 1 foreclosure for every 71 families, with the highest number in Cuyahoga County.

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