As we noted in Next Week's News Today the missing piece of Treasury's economic recovery gameplan was the foreclosure component - and that gets unveiled today.
Here's why you care: The Wall Street Journal's Deborah Solomon posted a preview close to midnight last night laying out what to expect: 1) Those with mortgages underwater will get a chance to refinance, 2) while the Obama administration will use tax payer money to lessen the sting for banks helping with the refinancing, and 3) support for judges to make mortgage modifications in bankruptcy court. As important as what's in the plan, is the fact that the last piece of Treasury's broad stroke gets outlined.
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...because you shouldn't need a decoder ring to understand the business pages.
Why You Care...
In order to understand how the tug of war over money, power and land between Capitol Hill and Wall Street impacts your life you MUST understand the business pages. But, sometimes trying feels like you need a decoder ring. That's where we come in: We are at once - a veteran journalist, and a long time professor of finance and real estate law. This is our journalistic and academic effort to explain why you care about the complexities of Washington and Wall Street by highlighting solid reporting and decoding the business pages along the way.
Why WE Care
Tom Kaufman combines two perspectives: 20 years as an adjunct law professor at Georgetown, along with a Wharton MBA. He currently serves as the Capital Markets and Real Estate Finance Committee Chairman for the American College of Real Estate Lawyers.
Christian Hudson spent over a decade producing for CNN - most recently as a Senior Producer for the Situation Room. He now practices finance and real estate law and writes about money, power, land and politics.
Yes, we work for a big firm and for transparency sake we've linked our names above to our bios, but this is our own website and the opinions expressed here are strictly ours.
Christian Hudson spent over a decade producing for CNN - most recently as a Senior Producer for the Situation Room. He now practices finance and real estate law and writes about money, power, land and politics.
Yes, we work for a big firm and for transparency sake we've linked our names above to our bios, but this is our own website and the opinions expressed here are strictly ours.
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- Is Your Mortgage Deduction Federal Budget Roadkill?
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- Envelope Pushing Obama Web Coverage & Two Stories ...
- Modifying Mortgages in Bankruptcy and a Crib Sheet...
- Bank "Stress Tests" Start Wednesday
- Next Week's News Today (Obama, Bernanke and Volcke...
- Understanding What the Foreclosure Plans Means for...
- Big Wednesday: Obama's Foreclosure Plan to Avoid E...
- Next Week's News Today (Foreclosure Plan Unveiling...
- The Missing Piece? Foreclosure Plan Unveils 2/18
- Treasury's Financial Rescue Plan's Basics Explained
- Time to Focus on the Financial Rescue Revamp
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Disclaimer:
Posts on this Website have been written and displayed for informational purposes only and are not legal advice. The transmission of the Website, in whole or in part, and/or any communication with us via Internet e-mail through this site, does not constitute or create an attorney-client relationship between us or our law firm and any recipients.
No recipients of content from this Website should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state.
The content of this Website contains general information and may not reflect current legal developments, verdicts or settlements. We and our law firm expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this Website.
Please do not submit any confidential information. Any information submitted to or through the Website is not secure and is done so on a non-confidential basis.
Posts reflect the personal opinions of the authors, and are not the views of any past or present employer or institution with which the author may be affiliated.