Obama promises relief to homeowners
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Barack Obama, his campaign for the Democratic presidential nomination bolstered by endorsements, told a cheering union hall on Friday that he would provide relief for homeowners struggling to make mortgage payments and deliver tax cuts to the middle-class.
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A new tax break could make some homeowners even happier.
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CHICAGO, Jan. 29 -- Sen. Barack Obama's political campaign said Tuesday that it has given to charity $72,650 linked to Illinois real estate developer Antoin Rezko, on the same day that a judge ordered Rezko to jail ahead of his scheduled trial on extortion charges.
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By George Chamberlin , Daily Transcript Financial Correspondent. Rising residential real estate values have been a blessing for many households.
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Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure.
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President Bush announced several steps to help Americans who have credit problems meet the rising cost of their housing loans.
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Boosting homeownership tops President Bush's housing agenda, but the biggest battle facing his administration during the second term is how to overhaul a program that helps 2 million poor families pay their rent.
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The worst of the housing slump might be over, although some pain is likely to linger, an adviser to President Bush suggested Tuesday.
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After an aerial inspection today, President Bush offered sympathy and promised aid to Alabama residents.
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A housing charity warns that thousands of homeowners are struggling to repay their mortgages.
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President Bush on Friday intends to discuss ways to help the hundreds of thousands of borrowers hard hit by the housing slump and credit crunch that are rocking financial markets.
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The Bush administration will announce an expanded plan Tuesday for lenders to help homeowners by temporarily suspending foreclosures for people facing the imminent loss of a home, a source familiar with the plan said Monday.
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Democratic presidential  hopeful Barack Obama accused rival Hillary Clinton on Tuesday  of rewarding the rich and hurting future mortgage seekers with  her plan to end the U.S. housing crisis.
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President Bush will announce plans on Friday to help homeowners with sub-prime mortgages avoid defaulting.
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Democratic presidential candidate Barack Obama is proposing more than $80 billion in annual tax relief for workers and seniors funded by an increase on wealthier investors.
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Looking to help homeowners avoid foreclosure, the Democratic-controlled House wants to insure mortgages and provide affordable housing grants well beyond limits favored by the Bush administration.
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NEW YORK/LONDON  - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance their mortgages.