Mortgage crisis News

Sacramento - The American dream is to own a home, this has become so familiar and universal. Yet since the onset of the economic recession, the mortgage crisis has put the American dream of owning a home into major jeopardy.

A new opinion poll developed to provide consumers with housing forecasts shows the housing rescue plan by the Obama administration to aid real estate markets will fail.

The mortgage crises has really affected everyone, not just the middle and lower class. Even the wealthy are having problems now when it comes to refinancing their homes.

As of writing, the U.S. Government financial bailout of its economy is hung up in the legislative process. Is politics getting in the way of helping Americans? Could there be an easier solution to appease all involved?

The Congressional Black Caucus Foundation (CBCF) held a National Town Hall Meeting on the mortgage crisis in the Walter E. Washington Convention Center. Former Mayor of New Orleans and current CEO of the National Urban League was the panel’s moderator.

As the mortgage crisis is one of the factors affecting the United States economy, Yoshimi Watanabe, Japan’s minister of financial services suggests that the US use inject public funds to fix it.