With debate raging in Washington about whether to give upside down homeowners breaks on their mortgages, Minnesota Democrat Keith Ellison pressed Treasury Secretary Tim Geithner this week to offer more loan modifications to keep families in their homes.
Advocates in the Obama administration say that taxpayer-subsidized mortgage reductions could lessen the foreclosure crisis, prevent larger losses, and steady the housing market. Many Republican critics, balking at the public expense, argue that it would encourage more foreclosures as struggling homeowners rush for the free money.
The Obama administration has been offering incentives to lenders to do principal write-downs. But Ellison and others have complained that Ed DeMarco, the head of the Federal Housing Finance Agency, which now controls the bailed out mortgage giants Fannie and Freddie, is holding up relief.
On Tuesday, Ellison added to the pressure, much of it coming from Democrats:
More from Star Tribune
More from Hot Dish Politics
Amid reports that Donald Trump was in danger of not getting on Minnesota's presidential ballot, the Trump campaign says everything is in order and voters will have a chance to cast their ballot for him in November.
The Minnesota Jobs Coalition, a Republican allied political group, has alleged violations of campaign-finance law by a DFL House candidate and a former DFL state legislator.
Liberal group plunks $350k for ads in Duluth against Mills
Gov. Mark Dayton has scheduled a public meeting Thursday to discuss the future of the proposed Southwest Light Rail line.
Interest groups spent less slightly money lobbying state government in 2015 than in the previous year, according to a report released Wednesday by the Minnesota Campaign Finance and Public Disclosure Board.
Recommended For You
Judge says city improperly switched to even-year elections, wrongly rejected a challenge.
The Twins are on pace to lose 99-100 games this season. The only way for fans to stay patient is if there are prospects developing who will make teams pay for these beatdowns.
For newly made U.S. vehicles that weigh more than 26,000 pounds, regulators are considering a cap of 60, 65 or 68 mph, though that could change.
The lawyer representing "Making a Murderer" subject Steven Avery has filed a motion accusing investigators of framing him in the murder of Teresa Halbach in 2005, and demanding physical evidence for further scientific testing she claims didn't exist during the trial.
Stage & Arts
Sean Neely accuses the festival of "false advertising" because it claims to be nonjuried.