New rules aim to protect homeowners from foreclosure

1/17/2013

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http://money.cnn.com/2013/01/17/real_estate/mortgage-rules/index.html?hpt=hp_t3
Federal officials issued new rules for mortgage servicers Thursday. These new rules are aimed at protecting homeowners facing foreclosure. In the midst of this housing crisis, many mortgage servicers have had trouble handling the flood of delinquent loans, the Consumer Financial Protection Bureau said. "In too many cases, it has led to unnecessary foreclosures," said CFPB director Richard Cordray. "Our rules ensure fair treatment for all borrowers and establish strong protections for those struggling to save their homes." These new mortgage rules seek to easen burdens on people, with rules that prohibit servicers from foreclosing on borrowers seeking loan modifications, and rules that require servicers to explore all alternatives to foreclosure first.  

 

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Details emerge on gun control proposal coming Wednesday

1/16/2013

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http://www.cnn.com/2013/01/16/politics/gun-laws-battle/index.html?hpt=hp_t2
Later today, Wednesday Jan. 16, 2012, President Barack Obama and Vice President Joe Biden will announce a new package of gun control proposals. They will be joined by a group of children who wrote letters to the president after the Sandy Hook shooting in Newtown, Connecticut, on December 14. Families of some of the Newtown victims will also be at the event. Assault weapons ban, universal backup checks, and a ban on magazines with more than 10 rounds are all part of the plan, says a White House official. The federal government estimates that over 300,000,000 non-military guns are owned or available for purchase in the United States. Carney says that Obama "has made clear that he believes in the Second Amendment right of citizens to be armed, but believes we ought to take common sense, and enact common sense measures that protect Second Amendment rights, but prevent people who should not have weapons from obtaining them."
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