Borrowers took out $15.3 billion of the loans in 2013, an increase of 20 percent from the year before, according to industry publication Inside Mortgage Finance. But at this stage, most bigger lenders are uncomfortable with the loans- for example, in 2011, Wells Fargo& Co and Bank of America backed out of the business.
Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.
Barack Obama took a big step on Thursday toward becoming the first black U.S. president as his campaign for change caught fire in Iowa and swept him past Hillary Clinton in the opening Democratic nominating contest.
The longer the Republican presidential race goes on, the crazier it gets. John McCain suddenly has a mild breeze at his back--because Mike Huckabee has undercut Mitt Romney in Iowa, because of his lingering support at the scene of his 2000 New Hampshire triumph, because Democratic Senator Joe Lieberman has endorsed him, and because the Boston Globe has provided its seal of approval as well.
Whatever happens in the Iowa caucuses, this year's contests have made plain that Republicans face a general election problem whoever the two parties' nominees are: an enthusiasm gap. Democratic campaigns expect that 125,000 or more Iowans will turn out for their caucuses on Jan 3. Republican campaign expect half that.
A fresh round of polls has underscored the sense of flux in the 2008 presidential race--in both parties. A Washington Post-ABC News poll of Iowa Democrats shows a three-way race for the Jan 3 caucuses--but with Barack Obama, not Hillary Clinton, in the lead.
You know it's going to be a good debate when...the leading candidates start to accuse one another of lying BEFORE the debate. That's precisely what's happened in advance of tonight's Republican debate on CNN, featuring questions submitted via YouTube.
GOP debate results: Winner #1: former Arkansas Gov. Mike Huckabee. He displayed his trademark humor but also some grit, facing down Mitt Romney in defending his record on immigration. Huckabee is head and shoulders above the rest of the Republican field in communications skills, as he manages to convey a combination of conservative principles.
Republican presidential rivals Rudy Giuliani and Mitt Romney scornfully debated immigration Wednesday in a provocative, no-holds-barred debate.
With fewer than two months to go before the all-important Iowa caucuses, our new WSJ-NBC poll gives a great snapshot of where the race stands nationally. Of course the early states of Iowa and New Hampshire give a different competitive picture (Mitt Romney leads both among Republicans, while Hillary Clinton faces a battle in Iowa from both Barack Obama and John Edwards).
Democrats enter the 2008 presidential race with powerful political advantages. But they face a tough and unpredictable battle because of the vulnerabilities of front-runner Hillary Clinton. A new Wall Street Journal-NBC poll shows that Americans have turned sharply away from President Bush and toward domestic issues favoring his partisan adversaries
I took some grief a few months back for convicting Hillary Clinton, in this space and elsewhere, of calculation in the public display of cleavage that prompted a Washington Post fashion review and lots of talk in the blogosphere. I still think I was right.
My take on the results of the debate: Fattest Pitch Down the Center of the Plate: Ron Paul's comment about the absence of "imminent" threats against the U.S. -- which Rudy Giuliani knocked over the fence by asking where Paul was on 9/11.
Up to the minute blog of the CNBC/MSNBC/WSJ GOP Presidential Debate in Dearborn, Michigan.
In recent history, Democrats have been the party of disorder and confusion in the ranks. To their House of Commons, Republicans have been the House of Lords. That has typically meant an orderly line of succession, with one establishment candidate after the other stepping up to claim their chance at the presidential prize: Ronald Reagan in 1980, his vice president George Bush in 1988, Bob Dole in 1996, the younger George Bush in 2000.
There are lots of big issues that will be explored in greater depth than before in tomorrow's CNBC/MSNBC/Wall Street Journal debate on the economy. The economy has gotten only brief and scattered mention in debates so far; Iraq has gotten most of the attention.
Don't miss the CNBC/MSNBC/WSJ sponsored GOP presidential debate next Tuesday from Dearborn, Michigan. The two hour debate will be live on CNBC-TV and streaming on CNBC.com starting at 4p EST. I'll be one of the panelists asking the questions and we'll also have live blogging so you'll get minute by minute coverage of what's going on behind the scenes.
So, what does this rising anti-trade sentiment mean for Republican politicians--and Democratic ones, for that matter? It's tricky because, rhetoric aside, most economists and elected officials in both parties in fact DO believe free trade offers the best path to economic growth in a global economy.
Nearly a year after their 2006 wipeout, these are still tough times for the GOP. President Bush and his aides have argued the party must expand beyond white voters. But last night African-American TV personality Tavis Smiley moderated a debate--and the leading republican candidates didn't show up.
Here are notes of interest from the political front. The first one on Newt Gingrich is from a breakfast meeting I attended this week with other journalists. The former Speaker sees a bleak Republican outlook but keeps a potential 2008 candidacy alive.