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Articles tagged with: Barack Obama

Business, Commentary, News, Politics, Real Estate »

[2 Apr 2011 | One Comment | 2,607 views]
Mortgage bankers call for system built on private capital, limited government role

Anyone who has kept an eye on the housing market over the past few years knows that reform is coming.
The question, of course, is what will that reform look like?
We got a hint back in February when President Barack Obama’s administration released a plan that, if adopted, would phase out Fannie Mae and Freddie Mac in five to 10 years. While some critics have said that particular plan would make it more difficult for some Americans to take out mortgages, here are a couple of facts that are hard to …

News »

[28 Feb 2011 | No Comment | 1,508 views]
Week in review (2/16-2/27)

Yeah, yeah, yeah — the title should probably be something more along the lines of “two weeks in review.”
Still, you get the idea. Besides, the past couple of weeks have been hectic and — for that reason — the expected “week in review” item wasn’t posted last week.
So it’s time to make up for it. Quite a bit has gone on over the past couple of weeks in that we’ve posted housing market reports, news of the National Association of Realtors possibly overstating its sales numbers for the past few …

Business, Commentary, News, Politics, Real Estate »

[12 Dec 2010 | 3 Comments | 2,000 views]
Whose money is it, anyway?

As most people who have been following real estate news know by now, a proposal to scale back the mortgage interest deduction failed.
Let’s review. President Barack Obama formed the National Commission on Fiscal Responsibility and Reform earlier this year for the purpose of putting together a proposal to cut the deficit. On Dec. 1, the bi-partisan task force released a 66-page report – called The Moment of Truth – that was designed to save $4 trillion over 10 years by rolling back deductions, raising some taxes and otherwise calling on …

Business, News, Politics, Real Estate »

[8 Dec 2010 | One Comment | 1,718 views]
Mortgage interest deduction, Round 2

Thought the fight over the mortgage interest deduction was finished for awhile?
Well, apparently not. On Wednesday, the National Association of Realtors (NAR) said it was asking members to again let their congressmen know that getting rid of the mortgage interest deduction (or MID because some people believe everything should be turned into an acronym) is a terrible idea.
What prompted the NAR to issue another “call to action” to its members?
“Commission co-chairs Alan Simpson and Erskine Bowles hailed the result, and predicted that parts of the plan would be adopted in …

Business, News, Politics, Real Estate »

[4 Dec 2010 | 5 Comments | 3,909 views]
Mortgage interest deduction — safe for now

The National Commission on Fiscal Responsibility and Reform — a task force put together by President Barack Obama — on Friday decided against sending a national budget reduction plan to Congress.
The budget reduction report, which was to save $4 trillion over 10 years, would have been presented to Congress if 14 of the 18 members on the commission approved of it. The final vote — 11 for the plan and 7 against — was just enough to keep the report from being taken up by Congress for consideration. Click here …

Commentary, Politics »

[1 Dec 2010 | One Comment | 2,175 views]
Editorial — NAR weighs in on proposal to scale back mortgage interest deduction

Remember that draft report from the National Commission on Fiscal Responsibility and Reform that the National Association of Realtors (NAR) told us not to take too seriously a few weeks ago?
That draft has become a full-fledged final report due to be considered by the commission on Friday. The Commission released the report today, prompting the NAR to go from it’s previous “nothing to see here” mode to warning that a reduction in the mortgage interest deduction could further damage still struggling housing markets.
Before getting into all of that, it’s important …

Features and such, Just what the hell is going on here?, Photos »

[27 Nov 2010 | One Comment | 3,774 views]
Rednecks for Obama? What the hell?

Some of us at First Arkansas News have heard that we really need more original photos.
Can’t argue there. However, we’re a bit limited in what we can do. The reporters who donate their time are writers — not photographers. Also, there’s the matter of the budget — good photographers generally cost money and we don’t really have any of that lying around (we do hope that changes in the near future).
Still, there are some things we can do to get some more original photos. For one thing, a very skilled …

Business, News, Real Estate »

[30 Jul 2010 | One Comment | 4,822 views]
Obama signs off on bill providing more funding for Rural Development

People throughout Arkansas and the nation have been waiting for guarantees from the United States Department of Agriculture’s Rural Development program to purchase homes for a few months now.
On Thursday, President Barack Obama signed a bill that will provide the USDA the authority to guarantee additional loans under the program. That’s good news for Arkansas — Realtors throughout the state have said that Rural Development mortgages have helped people purchase homes in most areas of the Natural State.
Rural Development loans come in two flavors — direct …

Commentary, Politics »

[23 Jul 2010 | 4 Comments | 2,319 views]
The politics of stimulus

So, let’s see — the economy is a mess, unemployment is high, deficits are higher and we’ve got a bunch of Congressional elections coming up in November.
The Democrats are blaming George W. Bush and his economic policies while the Republicans are pointing out that Barack Obama’s administration has swelled deficits to an unsustainable degree and we don’t have a whole lot to show for the spending (or, rather, spending borrowed money).
People are irate over the economy for a good reason. According to the Arkansas Department of Workforce Services, the unemployment …

Politics »

[23 Jun 2010 | No Comment | 1,366 views]
Keet says he’s in to win

Gov. Mike Beebe, a Democrat, is supposed to be a shoe-in for governor according to what some political pundits here in Arkansas say.
Arkansas  News‘ John Brummet, in a June 19 column, described Keet as “the former state legislator and reasonably successful businessman who answered the Republicans’ kamikaze call to wage the noble battle against the uncommonly popular Beebe.”
In other words, Keet hasn’t much of a chance in the upcoming election. Keet said he’s seen that notion raised a time or two in the press and he doesn’t agree with it …