Tagged: foreclosures

Obama will not sign foreclosure bill

The White House announced that President Obama will use a “pocket veto” on a bill that would make it easier for banks and other lenders to foreclose on homeowners. Political science department chair Graham Wilson offers the following view: “Vetoing a measure speeding up foreclosures must feel like taking a stand for apple pie and motherhood.” […]

Fighting foreclosures

The Obama administration announced a new strategy to fight home foreclosure, including requiring lenders to cut or eliminate monthly mortgage payments for many jobless homeowners.  School of Management Finance & Economics Department chair Professor Jack Aber says some borrowers may unfairly benefit at the expense of others, but breaking the impass still makes sense. “Purging […]