Republican Increase in Visas to Foreign Graduates at US Schools Comes With Reduction in Other Legal Immigration Programs

By: Thursday September 20, 2012 9:38 am

In one of their last acts before going home to campaign, House Republicans will pass a bill today that would increase the level of high-skill immigrants allowed to stay in the country. It would expand by 55,000 the visas granted to foreign graduates of US colleges and universities in what are known as the STEM [...]

Hard Times in California for Bank Accountability

By: Thursday May 31, 2012 7:09 am

California’s efforts to create a better environment for foreclosure victims have begun to fade. $410 million from the foreclosure fraud settlement that was supposed to go into counseling and legal services was instead diverted to pay for a state budget shortfall. While this has angered the legal aid community, with the enormity of the budget [...]

Democrats Resume Pressure on DeMarco for Principal Reductions

By: Tuesday February 28, 2012 7:35 am

House Democrats continue to push the Federal Housing Finance Agency to offer principal reductions on loans backed by Fannie Mae and Freddie Mac, one of the biggest things that can be done to further an economic recovery. In a letter organized by Rep. Zoe Lofgren, 116 Democrats, a majority of the caucus, urged FHFA Chair [...]

Obama Administration Opposes Proposed FHFA Principal Paydown Plan

By: Tuesday December 20, 2011 1:39 pm

A while back, House Democrats impressed upon the Federal Housing Finance Agency the need for some kind of principal modification program for underwater borrowers. One option proposed by Rep. Zoe Lofgren and the National Association of Consumer Bankruptcy Attorneys was a principal paydown plan. Under it, borrowers would get through a bankruptcy process a temporary [...]

SOPA Getting a Markup in House Judiciary Committee

By: Thursday December 15, 2011 1:37 pm

The markup in the House Judiciary Committee of the Stop Online Piracy Act, or SOPA, has begun. Observers expect at least two days of markups, and the bill wouldn’t see the House floor until sometime thereafter, probably next year. There are over 60 amendments on the bill, and opponents on the committee are dragging out [...]

House Democrats Jump on Possibly Positive Comments from FHFA on Principal Pay-Down Plan

By: Thursday October 27, 2011 11:40 am

Yesterday, 19 House Democrats, mostly from the Oversight Committee, met for a second time with acting director of the Federal Housing Finance Agency Ed DeMarco. They came out of it cheering about DeMarco’s expressed support for a principal reduction program that Rep. Zoe Lofgren (D-CA) has laid out. Here’s a representative sample, from Reuters: The [...]

What’s Up in Congress: Government Shutdown Appears Likely

By: Friday February 18, 2011 7:20 am

I’ve been so distracted by Wisconsin that I haven’t kept an eye on events in Washington. But some things are happening. First, the House disposed of a three-month extension of key provisions of the Patriot Act, which was negotiated down from a year in the Senate earlier this week. So that goes to the President, [...]

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