Today or tomorrow all 50 states are expected to sign off on a $37 billion settlement with Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial that will provide compensation to homeowners who were harmed with nefarious foreclosure practices. This deal between the big banks and the states’ attorneys general will result in …
I’m sending this Congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage, by refinancing at historically low interest rates. No more red tape. No more runaround from the banks. A small fee on the largest financial institutions will ensure that it won’t add to the …
One of the issues we are expecting to hear about in President Obama’s State of the Union address tomorrow night is the housing crisis. Economists tell us that the nation’s economy won’t dramatically improve until the housing market stabilizes and demand for new homes gets back on track. That’s how important the housing construction industry …
A rally at the South Carolina State House to honor Dr. Martin Luther King Jr. is being held today. At the same location just four days ago, hundreds attended another rally in support of an issue surely Dr. King would have approved—the promotion of homeownership for all Americans. Last week’s rally sponsored by the Home …
With all due respect to my friend SC Treasury Curtis Loftis who is the state chairman of the Mitt Romney campaign, the GOP Presidential candidate has the wrong business approach to the housing and foreclosure crisis. In a recent interview with the Las Vegas Review Journal, Romney said that the solution to both the housing …
Bank of America’s recent announcement of its intention to eliminate 30,000 jobs over the next few years has caused some concerns in the bank’s home-town of Charlotte. How many of the company’s 15,000 Charlotte employees will be affected we don’t know. But if that community is worried today, just think of the panic there would …
BofA should make an even better business decision Read More »
