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Housing Secretary Says FHA Elements of Dodd Mortgage Bill are "Big Mistake"
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Press Release

Housing Secretary Says FHA Elements of Dodd Mortgage Bill are "Big Mistake"

As the Senate cuts debate short on the Dodd-Countrywide mortgage bailout, the voices of concern and opposition to the misguided plan are growing. The latest concerns come from HUD Secretary Steve Preston, who criticized the bill on a media conference call yesterday. As first reported by Housing Wire, Secretary Preston highlighted changes in the bill that would undermine the Federal Housing Administration (FHA):

07/09/2008
Key Vote "No" Federal Housing Finance Regulatory Reform Act of 2008
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Press Release

Key Vote "No" Federal Housing Finance Regulatory Reform Act of 2008

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on the Federal Housing Finance Regulatory Reform Act of 2008.  On the way to doing nothing to address the fundamental problem in the housing market, this bill creates a new $300 billion taxpayer liability, creates a trust fund in perpetuity outside of budgetary oversights for political community groups, and greatly expands the Federal Housing Administration, perhaps to the breaking point.

06/17/2008
Photos: FreedomWorks Delivers More Petitions to Capitol Hill
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Press Release

Photos: FreedomWorks Delivers More Petitions to Capitol Hill

05/29/2008
Key Vote "No" H.R. 5830: The FHA Housing Stabilization and Homeownership Retention Act of 2008
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Press Release

Key Vote "No" H.R. 5830: The FHA Housing Stabilization and Homeownership Retention Act of 2008

  On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on the H.R. 5830: the FHA Housing Stabilization and Homeownership Retention Act of 2008.  The bill proposes expand the government’s role in the housing sector, creating a potential new taxpayer liability of $300 billion.

05/06/2008
Key Vote "No" H.R. 5818: Neighborhood Stabilization Act of 2008
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Press Release

Key Vote "No" H.R. 5818: Neighborhood Stabilization Act of 2008

  On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on H.R. 5818: the Neighborhood Stabilization Act of 2008. The bill, which provides $15 billion in loans and grants to states and cities to buy foreclosed properties is a prime example of out-of-control government spending that would do little to address the underlying problems in the housing sector.

05/06/2008
One Regulator to Rule Them All
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Press Release

One Regulator to Rule Them All

< p>In the midst of a market meltdown fueled by a nervous housing sector, Treasury Secretary Henry Paulson unveiled a 200-plus page blueprint for overhauling the regulatory structure of the nation’s financial institutions.  In many ways, this is a welcome and important first step toward modernizing the current patchwork of rules applied to various financial products.  At the same time, caution is required to avoid creating a regulatory monolith with sweeping new powers that can do more harm than good.  < p class="MsoNormal">       &nbs

04/16/2008
Key Vote "No" on Foreclosure Prevention Act
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Press Release

Key Vote "No" on Foreclosure Prevention Act

On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE “NO” on the Foreclosure Prevention Act of 2008: S. 2636. The bill seeks direct federal spending, calling for taxpayers nationwide to cover the costs for those regions of the nation where housing markets were overbuilt while penalizing prudent homebuyers who chose to avoid potentially risky mortgages.

04/03/2008
Two Economic Plans, Same Bad Idea
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Press Release

Two Economic Plans, Same Bad Idea

Senator Barack Obama delivered a major speech yesterday in New York outlining his preferred policies for regulating financial markets.  Senator Obama called for “guiding the market's invisible hand with a higher principle,” and new regulations,” to ensure that we are not doomed to repeat a cycle of bubble and bust again and again.”  Obama is calling for returning to the failed polices of a previous era: government central planning of the economy. 

03/28/2008
FreedomWorks Foundation to Host Policy Luncheon on Subprime Bailout
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Press Release

FreedomWorks Foundation to Host Policy Luncheon on Subprime Bailout

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03/21/2008
New Study Shows Uneven and Unfair Distribution of Mortgage Bailout Costs and Benefits
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Press Release

New Study Shows Uneven and Unfair Distribution of Mortgage Bailout Costs and Benefits

FreedomWorks Foundation today released a new study on the costs and benefits of different policy proposals targeting the so-called "subprime mortgage crisis." The study was conducted by Todd Sinai, The Wharton School Associate Professor of Real Estate at the University of Pennsylvania. He found that while these relief programs may help some borrowers, they do not distribute the costs and benefits equitably. The proposals under consideration in Congress inappropriately reward people who made riskier decisions over those who made prudent decisions, exclude people who live in states that experienced an early economic downturn, benefit those with high incomes at the expense of others, and spread the costs of the program among all taxpayers or future borrowers.

02/27/2008

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