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    Mortgage Cramdowns Will Hurt Consumers

    December 10, 2009 at 4:29 pm

    10 Comments

    Just as the housing market is showing definite signs that it is stabilizing after a lengthy drop in housing prices, the House of Representatives is about to vote on proposal that would destabilize it once again while also raising the cost of mortgages for future home buyers. The proposal – … More

    Neighborhood Destabilization Act: H.R. 1106

    February 26, 2009 at 11:41 am

    24 Comments

    “Helping Families Save Their Homes Act”? Or Neighborhood Destabilization Act: Allows bankruptcy judges to reduce the principal owed on a mortgage, a practice often referred to as a “cramdown.” Judges would be able to reduce interest rates or lengthen the term of the mortgage. H.R. 1106: It actually achieves opposite … More

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    The Morning Bell
    Immigration Reform in One Infographic

    The Senate Judiciary Committee approved the Gang of Eight’s immigration bill on Tuesday. It will go to the Senate floor after the Memorial Day recess. Heritage has pointed out the problems with this “comprehensive” approach — including the staggering costs of amnesty and a failure to secure the border. SHARE … More

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