Republicans in Tennessee are none-too-thrilled with the idea of using taxpayer money to bailout delinquent (deadbeat) mortgage customers. The state's GOP is peddling 'Honk If you're paying my mortgage" bumper stickers for $5 a pop or $12 for three. Its website boasts: "Show Your Opposition to the Out-Of-Control Bailout Congress." The Obama White House wants to use $75 billion in taxpayer money to help certain homeowners avoid foreclosure, which doesn't sit well with Tennessee's GOP which is showing how the south, Sir, can still be fiscally conservative. Of course, during the George W. Bush era Republicans in Congress basically rolled over and said, "Thank you Sir. May I have another?" when approving the gargantuan budget deficits of the Bush years, including the current (estimated) $1.75 trillion hole the nation is in for this fiscal year which ends September 30â¦
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Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
August 7 -
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
August 7 -
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
August 7 -
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
August 7 -
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
August 7 -
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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