Mortgage Lending Reform Testimony
Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve Mortgage lending reform Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S House of Representatives, Washington, D.C. March 11, 2009
Chairman Gutierrez…
As you can tell, there's a lot of exciting things going on at ThinkGlink.com!
Today, we launched the new redesign of ThinkGlink.com. Sure, we've got a fancy new logo and pretty colors, but this redesign is really all about making the thousands of pieces of content easier for you to find. We have…
14,000 Lose Health Insurance Every Day
When workers lose their jobs they often lose not only their salaries but in many cases they lose their benefits too. These benefits may include health insurance.
In December 2008 and January 2009, an estimated 14,000 people lost health coverage every day, according to a study by the Center for…
Home Loan Modifications Encouraged By Federal Regulators
Federal Financial Regulatory Agencies Issue Statement In Support of the “Making Home Affordable” Loan Modification Program
The federal bank, thrift, and credit union regulatory agencies encourage all federally regulated financial institutions that service or hold residential mortgage loans to…
Financial Crisis Testimony From Secretary Geithner March 3, 2009
U.S. Treasury Secretary Tim Geithner Written Testimony -- As prepared for delivery House Ways and Means Committee Hearing March 3, 2009
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…
IRS Announces COBRA Information For Employers
If you're an employer who has recently laid people off you may be interested to learn about how the U.S. Internal Revenue Service treats COBRA payments.
COBRA allows former employees to keep receiving health insurance through a former employer.
The IRS allows the employer to receive a tax deduction…
Today On The Ilyce Glink Show, February 22, 2009
Good morning! Here's what we're talking about on today's Ilyce Glink Show:
Unemployment rolls soar to 5 million. A record number of laid-off people are now receiving unemployment benefits at the same time. Last week, new jobless claims hit 627,000.
Wholesale inflation prices surged unexpectedly in…
Homeowner Affordability And Stability Plan: Q&A From HUD
The Department of Housing and Urban Development (HUD) released this Q&A about the Homeowner Affordability and Stability Plan, which was announced by President Obama on Wednesday, February 18, 2009.
Here are some answers to most-asked questions about the plan:
Questions and Answers for Borrowers about…
Questions And Answers About Obama's Homeowners Affordability And Stability Plan
Here's what we received in media briefing papers from the White House:
Homeowner Affordability and Stability Plan Executive Summary
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country.
Millions of…
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program.
Here's what I learned:
If you have a Fannie Mae or Freddie Mac loan, AND you are 90 days + late on your mortgage, you can call your lender and request a streamline loan…
