President Obama’s weekly address is all about the “healing” housing market seven years after the bubble burst and how to further improve the finances of Americans and the mortgage-financing system.
President Obama is drawing rare support from across the political aisle for his proposal to peg rates on federally-subsidized student loans to market indicators, such as Treasury notes.
Democratic Sen. Elizabeth Warren is quickly building on her pre-Senate reputation as a consumer advocate, with a bill she introduced Wednesday that pegs a federal student-loan rate to the Federal Reserve discount provided to the biggest banks.
Two out of every five adults nationally, or 41 percent, reported problems paying medical bills or were paying off medical debt over time in 2012, while an estimated 84 million people did not have health insurance for the full year or were underinsured, according to a new report.
Just over 2.3 million borrowers since this past January have applied for an Income-Based Repayment (IBR) plan on their outstanding student loans, a fraction of the estimated 38 million Americans who may qualify for it.
The Obama Administration’s Home Affordable Modification Program, which marked its fourth year last month, has surpassed 2 million mortgage-reduction trials initiated, according to the latest update released Friday.
The Obama Administration’s Home Affordable Modification Program, or HAMP, marks its fourth year this month, with 856,154 households under “permanent” mortgage-reduction plans to help avoid possible foreclosures. But is has been a tough four years and the program continues to lag behind the initial goal of helping up to 4 million homeowners.
In his inauguration today, President Obama invoked history and looked to the future, emphasizing equality, the scope of the federal government, and the middle class.
It may not be your typical single-family residence and it can’t be bought or sold but the White House has been tagged with an estimated $294.9 million value, representing about a 7 percent increase since President Obama took office.
It certainly must come as a great relief to taxpayers that the White House has said no to a Star Wars-like “Death Star” after an actual official announcement said it would cost $850,000,000,000,000,000 – that’s 850 quadrillion, the level that comes after trillion.