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Phil Gramm Shuts Down His Leadership PAC (CBS News) Former Sen. Phil Gramm (R-Texas), now an economic advisor to John McCain's presidential campaign, has shut down his leadership PAC, according to disclosure records filed with the Federal Election Committee. FHA Aims To Curb No-Money-Down Loan Program (NPR) The Federal Housing Administration says homebuyers who receive down payments through nonprofits are more likely to default on FHA loans than homebuyers who put up the money themselves. Supporters of the assistance program are fighting back. A dozen ways to get a down payment (Bankrate.com via Yahoo! Finance) Remember down payments? They're back in vogue with home lenders. Here's what you can do to come up with the cash. Congress ready to take up pared-down summer agenda (AP via Yahoo! News) Democrats bent on showing they can govern and Republicans anxious about a sour re-election climate are pushing a pared-down summer agenda in Congress. Lawmakers want to try to save homeowners from foreclosure, avert Medicare cuts and give the government power to spy on suspected terrorists. SUSAN TOMPOR: $4 gas is forcing late car payments (Detroit Free Press) Could gas at $4 a gallon or higher be one of the culprits behind late car payments, too? Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pa., said auto loan delinquencies will keep climbing for another 12 months. By his estimate, auto delinquencies would hit a peak in the second half of 2009. Local home values hang on as sales decline (The Olympian) Thurston County home sales are down, building activity has tapered off and more people have fallen behind on mortgage payments, according to newly compiled data for the first half of the year. WATERLOO: Stiffer penalties weighed for late payments (Monroe County Clarion) Uncollected or late utility payments cost the city of Waterloo $40,000 to $50,000 each year-enough to pay a senior civil-service employee. Late payments on consumer loans remain high (Sun-Sentinel) Late payments on consumer loans dipped slightly in the first three months of the year, but remained at a level not seen since the early 1990s. Congress ready to take up pared-down summer agenda (Las Vegas Sun) Sun, Jul 6, 2008 (6:21 a.m.) Democrats bent on showing they can govern and Republicans anxious about a sour re-election climate are pushing a pared-down summer agenda in Congress. Congress Ready To Take Up Pared-Down Summer Agenda (FOX 29 Lake Charles) WASHINGTON -- Democrats bent on showing they can govern and Republicans anxious about a sour re-election climate are pushing a pared-down summer agenda in Congress. |
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