Fannie Mae
Obama Administration Expands Mortgage Assistance Program
The Obama administration announced Monday that it will try and expand HARP, the Home Affordable Refinance Program, to reach to at least one million more people. HARP was introduced in 2009 to help underwater borrowers refinance their mortgages. At the time the administration predicted HARP would help millions of homeowners. But after two and a half years, […]
Financial crisis commission blames Wall Street
Who or what was responsible for the worst economic crisis since the 1920s? Could it have been prevented? That is what the Financial Crisis Inquiry Commission set to find out when they interviewed over 700 people. Today they release their 576 page report.