Tag Archives: Members Of Congress

REAL ESTATE: Lawmaker proposes bill to end California’s eminent domain “heist” – Press

An Orange County congressman has introduced legislation to make it harder for governments from San Bernardino to Chicago’s Cook County – and the rest of the nation – to use eminent domain to seize mortgages of loans that are underwater. … Continue reading

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Fannie Mae Insider Takes Top Job With Lower Pay

Timothy Mayopoulos, Fannie Mae’s general counsel and chief administrative officer, will become the mortgage giant’s new chief executive, sources close to the matter confirm. Mayopoulos, 53, has been with Fannie Mae since 2009, after being replaced at Bank of America … Continue reading

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US Treasury Forcing Mortgage Principal Forgiveness

Late Friday the U.S. Treasury Department announced a major expansion of its Home Affordable Modification Program (HAMP). The three-year-old program has been largely deemed unsuccessful, as it has provided just about 750,000 borrowers with permanent loan modifications. The initial expectation … Continue reading

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Housing Must Be a National Priority

ANAHEIM, CA, Nov 13, 2011 (MARKETWIRE via COMTEX) – The struggling housing market needs to be a priority on the nation’s public policy agenda, because housing and homeownership issues affect all Americans. That was the message from speakers at the … Continue reading

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IRS ruling strikes fear in medical marijuana industry

John Brecher / msnbc.com Steve DeAngelo of Harborside Health Center In a potentially crushing blow to the burgeoning medical marijuana industry, the IRS has ruled that dispensaries cannot deduct standard business expenses such as payroll, security or rent. Harborside Health Center, … Continue reading

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