By Andrew P. Napolitano
The president's men trash the Constitution to pursue antagonists
Policies to protect struggling homeowners from foreclosure in the District of Columbia, Maryland and other jurisdictions have offered "fool's gold," in the words of one top analyst, and they are holding back a real estate rebound, even as the U.S. housing market begins to roar, or at least growl, across the country.
Seeking to circumvent congressional opposition, President Barack Obama will promote a series of executive branch steps aimed at jumpstarting the economy, beginning with new rules to make it easier for homeowners to refinance their mortgages.
The Obama administration offered mortgage relief on Monday to hundreds of thousands of Americans in the latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled President Barack Obama as he seeks a second term.
President Barack Obama offered mortgage relief on Monday to hundreds of thousands of Americans, his latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled him as he seeks a second term.
Some people hear the word "hit" and quickly think of positive uses such as hit song or "one-hit wonder."
Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures may be challenged in court later because of allegations that banks evicted people without reading the documents.
The recent run of bad economic figures continued Thursday, as new jobless claims reached a six-month high, Wall Street lost more ground, several companies released disappointing earnings reports and the foreclosure rate rose for the eighth month in a row.
