Obama's Foreclosure Plan

Another of the many efforts from the Obama Administration was released this week! An all new 152-page draft bill to create ANOTHER new commission, the Consumer Financial Product Commission. While it’s intended to protect against confusion among all the different financial industry products for consumers, it sounds like just another way of adding to our [...]

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As if we all didn’t already know this, Herbert Allison, who has been selected by President Obama to oversee the $700 billion bank bailout program, said the economic foreclosure bailout plan needs time to work!
Allison, best known for once leading the ill-fated Fannie Mae… wait… aren’t they part of this problem to begin with? I’m [...]

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As we have all been following along with the Foreclosure Bailout, a new bit of very interesting regulation is getting ready to roll out of the Obama Administration that will literally affect 95% of the adult population! The Obama Credit Plan has just made it over one hurdle in the Congress and is sure to [...]

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Yesterday, I wrote about President Obama and his plans for Credit Card Reform, and that he was planning to meet with leaders in the banking and lending industry, to try and reach a common ground. As reported at  Bloomburg, the meeting took place and there are some varying views on how this will impact consumers!
Obama [...]

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Many Americans want to know one simple thing… Where is OUR Bailout?
Banks have been give BILLIONS by the Fed (that would yours and my tax money btw), and yet they still won’t not loan money or cut back on the credit requirements, even for those of us with good credit! To Top it all off [...]

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With the Obama Foreclosure Prevention Plan ready to come into effect on March 4th, the one main question we are patiently awaiting an answer to:  Will the Plan Save my Home?
The short answer is YES, but as with everything… its much more detailed than that! Lets review the Obama Foreclosure Plan from end to end, [...]

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Today is the day many homeowners and lenders have been patiently awaiting! During his campaign, President Obama addressed several key issues he was going to immediately tackle when he got to the White House… one of those issues, is the Foreclosure Crisis in America! Later today in Mesa Arizona, President Obama will hold a press [...]

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Obama Foreclosure Plan website is just getting its feet off the ground in February 2009! Our goal is to look deeper into the new Obama plan coming out very soon. We will look at how it works, how the banks are affected, and most importantly, who is eligible! (That means you and I)
Check back very [...]

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