This first article titled, In Philadelphia, a Chance to Stave Off Foreclosure is published to the NYTimes.com website.
My commentary: The article provides an insightful description of a necessary and timely housing program provided by the city of Philadelphia to that city’s homeowners. It is a program which should serve as a model to every municipality in the country. Housing and mortgage professionals should find the article very informative. Take a look!
This second article titled, Back to Business – Investment Funds Profit Again, This Time By Paring Mortgages is published to the NYTimes.com website. it sheds light on the mortgage crises of 2007. View the entire article here!
My commentary: Way to go Wall Street! When you read this article you will probably be as surprise as I was. I have been pretty down on Wall Street for the last couple of years for a variety of reasons, not the least of which is the mortgage crises, but here is a Wall Street idea that is actually creating benefits for homeowners (Main Street). If you promote affordable financing for homeowners as I do, you will enjoy this article. Take a look for yourself at the above link!
Article number 3 is titled, An Upturn in the Housing Market May Be Reversing, is published on the NYTimes.com website.
My commentary: At first I thought all the housing market news was going to be negative, but as I continued reading that turned out not to be the case. It’s kind of a mixed bag: One index shows housing prices rising just a fraction, another forecasting a decline of as much as 10 percent, while yet another has prices flat for September. Read more!
Article number 5 is titled, Bigwigs Debate ‘Too Big to Fail’ and is published to the Seeking Alpha website.
My commentary: Some workout programs have not been working out, and it may be necessary for the federal government to take a second look at the Home Affordable program. This is a fascinating article which gives the reader a brief insight into what is really taking place behind the scenes at mortgage servicers/holders across the country. Was it ever the intention of these banks and mortgage holders to implement the program as the government intended? You be the judge!
Article number 4 is titled, Treasury to Pressure Mortgage Companies to Cut Payments, is published to the NYTimes.com website.
My commentary: As one who believes in, and writes about affordable housing at every opportunity, I certainly can’t fathom the TBTF concept. There are many who believe that our government is too big as it exists, and yet here we are debating whether certain institutions (not of the government) ought to be permitted – actually enabled – to continue operating on such a scale that their failure spells doom for the rest of us.
‘TBTF’ just doesn’t seem a reasonable or acceptable societal structure under which to live, so I’m anti-TBTF and I hope those we elect to address these matters share these sentiments. The above article, authored by Carolyn Austin, is very thought-provoking and, to her credit, she has opened what I believe to be one of the more profound discussions of our time. Take a look!
Article number 6 is titled, Official Google Blog: RT @google: Tweets and updates and search is published to the Google blog.
My commentary: What an appropriate statement. There is certainly a lot happening on the social networking scene, and when you add search to it, my sentiments are exactly those on the above article. Take a look!
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