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Freddie Mac

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NEWS
September 10, 2008
Do you think the federal government did the right thing taking over ailing mortgage companies Fannie Mae and Freddie Mac?   It’s not about whether the government should have taken over; it’s about how extensive the restructuring should be. Clearly, the status quo is unacceptable and there should be a major restructuring of the entire system to protect taxpayers from further paying the price for bad policy....
NEWS
By Don Jergler | February 21, 2012
HARP 2.0 may be music to the ears of Orange County residents who have been struggling, but continuing, to make their home payments. That's what Todd White, a home mortgage consultant for Wells Fargo Home Mortgage in Newport Beach, believes. Some also believe Harp 2.0 has the potential to lead to the next huge refinance boom. HARP 2.0, the second version of the federal government's Home Affordable Refinance Program, is designed to help some 5 million struggling homeowners refinance into a fixed-loan and a lower monthly payment.
NEWS
By Tom Williams | September 22, 2008
We usually don?t have to wait very long in one of Joe Bell?s weekly columns for Joe to get to his usual condescending, snide, partisan, political remarks, but in his weekly diatribe last Thursday (?Woes on Wall St. nostalgic), Joe made us wait clear until the final paragraph for his endorsement of Barack Obama for president and his derision of his hated Republican Party. This guy is as predictable as the sun coming up. And his column is supposed to be about local events. What a farce!
NEWS
By: Andrew Edwards | October 5, 2005
Newport Beach is not the most expensive place to buy a home in the country, but it's pretty close. Newport Beach took sixth place in Coldwell Banker's Home Price Comparison Index with an average 2005 home value of $1,499,000. All but one of the 10 most expensive markets in the United States, Canada and Puerto Rico were California cities. The report only surveyed prices of four-bedroom homes with about 2,200 square feet of space, 2 1/2 bathrooms, a family room and two-car garage.
FEATURES
By JIM RIGHEIMER | November 21, 2008
It has been 15 weeks since my last column graced these pages. To say the least, a lot has happened since then. I took a self-imposed sabbatical to run for Costa Mesa City Council. The fact that I am back writing this column probably gives you a clue that I did not get enough votes. My best wishes to the winners, Mayor Eric Bever, Councilwoman Katrina Foley and former Mayor Gary Monahan. Together with Councilman Allan Mansoor and Councilwoman Wendy Leece, I expect to see a very productive City Council this year.
NEWS
By James P. Gray | February 3, 2012
We all should long for the days of Mark Twain, who was heard to say: "There is good news from Washington today. Congress is deadlocked and cannot act. " Unfortunately, our Congress today is acting a great deal in sponsoring cronyism. That means that there is a large amount of collusion among businesses and special interests, on the one hand, and government, on the other. The resultant government favors, payoffs and bailouts are enriching those who are well-connected, but are literally making the rest of us impoverished.
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NEWS
By Don Jergler | February 21, 2012
HARP 2.0 may be music to the ears of Orange County residents who have been struggling, but continuing, to make their home payments. That's what Todd White, a home mortgage consultant for Wells Fargo Home Mortgage in Newport Beach, believes. Some also believe Harp 2.0 has the potential to lead to the next huge refinance boom. HARP 2.0, the second version of the federal government's Home Affordable Refinance Program, is designed to help some 5 million struggling homeowners refinance into a fixed-loan and a lower monthly payment.
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NEWS
By James P. Gray | February 3, 2012
We all should long for the days of Mark Twain, who was heard to say: "There is good news from Washington today. Congress is deadlocked and cannot act. " Unfortunately, our Congress today is acting a great deal in sponsoring cronyism. That means that there is a large amount of collusion among businesses and special interests, on the one hand, and government, on the other. The resultant government favors, payoffs and bailouts are enriching those who are well-connected, but are literally making the rest of us impoverished.
NEWS
January 28, 2009
A House bill would send more than $11 billion in health-care and education money to California, wiping out nearly 25% of California’s budget shortfall. It’s part of the proposed $825-billion stimulus package President Barack Obama is touting as a top priority. Where do you stand on this bill? Is it a good idea? If not, what would you propose?   In short, this bill as we have seen it is a horrible idea. The point here is to stimulate the American economy.
FEATURES
By JIM RIGHEIMER | November 21, 2008
It has been 15 weeks since my last column graced these pages. To say the least, a lot has happened since then. I took a self-imposed sabbatical to run for Costa Mesa City Council. The fact that I am back writing this column probably gives you a clue that I did not get enough votes. My best wishes to the winners, Mayor Eric Bever, Councilwoman Katrina Foley and former Mayor Gary Monahan. Together with Councilman Allan Mansoor and Councilwoman Wendy Leece, I expect to see a very productive City Council this year.
NEWS
By Chuck Cassity | September 30, 2008
Have you heard of the Bush Bailout? You know, the $700-billion appropriation Congress must conjure up to keep Wall Street in business? Well folks, let’s take a short walk through history, and you make up your own mind as to where the blame actually rests. 1) The Community Reinvestment Act was passed to keep banks from declining to provide mortgages and small-business loans to poor and minority neighborhoods. 2) The Clinton administration revised and strengthened this law. 3)
NEWS
By: Andrew Edwards | October 5, 2005
Newport Beach is not the most expensive place to buy a home in the country, but it's pretty close. Newport Beach took sixth place in Coldwell Banker's Home Price Comparison Index with an average 2005 home value of $1,499,000. All but one of the 10 most expensive markets in the United States, Canada and Puerto Rico were California cities. The report only surveyed prices of four-bedroom homes with about 2,200 square feet of space, 2 1/2 bathrooms, a family room and two-car garage.
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