Posted on December 6th, 2009, by DHW
The Wall Street Journal published an insightful op-ed piece by Edward Pinto. Mr Pinto sees two major shortfalls with the Treasury’s attempt to modify delinquent mortgages through the Home Affordable Modification Program (HAMP).
“The first shortfall is that the program doesn’t provide a clear process to triage the over 7.5 million delinquent loans.”
“It doesn’t take into [...]
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Tags: edward pinto, HAMP, home affordable modification program, Housing, loan modification, short sale, treasury, wall street journal
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Posted on November 7th, 2009, by DHW
Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berkshire Hathaway.
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Tags: $3 billion, berkshire, berkshire hathaway, fannie mae, freddie mac, goldman, goldman sachs, hathaway, Housing, housing news, housing tax credits, low-income, low-income housing tax credits, Real Estate, real estate news, sachs, tax payer tax payers, taxpayer, taxpayers, treasury, treasury department, us treasury department
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Posted on November 5th, 2009, by DHW
In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”
DHW asks: Do you think this deal is [...]
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Tags: 2.6 billion, buyers, fannie mae, freddie mac, government, Housing, housing news, housing tax credits, low-income housing tax credits, Real Estate, real estate news, seller, taxpayer, taxpayers, treasury, treasury department, unused low income tax credits, unused tax credits
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