Congressional leaders reach a debt deal to avoid painful sequestration cuts

What Caused Sequestration. Existing spending and tax cuts sent the nation’s debt toward the predetermined ceiling limit. The government cannot push the debt above the national debt ceiling. To avoid a debt default, party leaders finally agreed to appoint a bipartisan super committee to come up with a solution.

MBA Secondary: FHA, Ginnie Mae, VA and USDA leaders outline policy updates MBA Secondary: FHA, Ginnie Mae, VA and USDA leaders outline policy updates. The leaders of the FHA, VA, USDA and Ginnie Mae who spoke on the government lending update panel at the MBA Secondary Conference on Tuesday are well aware that lenders and investors find working with their agencies.

Driving the bipartisan talks is the desire to avoid automatic spending cuts that threaten to hit the Pentagon and other federal agencies with budget reductions averaging 10%. At the same time, increasing the debt limit is required to avert a first-ever, market-quaking default on government obligations like interest payments and Social Security benefits .

United States Congress Joint Select Committee on Deficit Reduction. The objective of the committee was to develop a deficit reduction plan over 10 years in addition to the $917 billion of cuts and initial debt limit increase of $900 billion in the Budget Control Act of 2011 that avoided a U.S. sovereign default.

Are landlords responsible for pot-growing renters? Freddie Mac Will Buy Out 120-Day Delinquent Mortgages Hello Fannie and Freddie. With the Federal Reserve ending its 15-month .25 trillion mortgage bond buying binge on Wednesday, delinquent loan buyouts by Fannie Mae and Freddie Mac could serve..Marijuana and Rental Properties: What Landlords and Property Managers Should Know. The move to legalize marijuana is gaining ground across the country, with more and more states approving its use. Find out what this means to you as a property owner or landlord.JPMorgan barely phased by TRID, financially Job gains feed the housing recovery Is the economic engine putting people back to work also condemning. – Jobs put money in workers' pockets to pay for food, housing, transportation.. Job growth over 2014 (and in the recovery overall) has been.Dumb.com – Firing Stories – Page 3 – I left a job because my position was being phased out to go to work for this company as a store manager. I was told I would be required to close three nights a week, and they didn’t want me to have to close every single weekend night, but that is how schedule wound up. This store where I was to train was an hour and a half from my home.

A June analysis by the congressional budget office concluded that keeping the U.S.’s ratio of debt to gross domestic product at current levels until the year 2085 (to avoid scaring off investors).

Radian launches homeownership pilot program in Tucson Guaranteed Rate hires new SVP of consumer direct sales BOSTON, Aug. 17, 2011 /PRNewswire/ — Guaranteed Rate, Inc. is pleased to announce the hire of Ricardo H. Brasil as senior vice president of Mortgage Lending. The addition of Brasil and his team.collingwood group chairman calls out ‘regulatory Jihad’ on mortgage lenders The Collingwood Group – housingwire.com – Count Tim Rood, the chairman of The Collingwood Group, among those who think the regulatory environment is smothering mortgage lenders, going so far as to use a shocking term to describe the. Collingwood Group Chairman calls out ‘regulatory Jihad’ on.Sarah Palin lashed out at the criticism she received in the wake of the jan. 8 mass shooting in Tucson, Arizona. gap The FAA investigation grew out of allegations by a Delta pilot that the airline.

Sequester Deal Looks Unlikely There appears to be a growing desire among leaders at both ends of Pennsylvania Avenue to reach. painful deficit-reduction plan. Aides say Obama accepts that the sequester cuts are here, for now at.

In interviews that aired nearly back-to-back on political talk shows this morning, President Obama and Republican nominee Mitt Romney were each asked how they could reach a so-called "grand bargain".

White House – Congressional Leaders Reach Debt Ceiling Compromise; Must Now Sell Plan to the Congress A "deal" has been struck over the weekend between the White House and congressional leadership to raise the federal government’s debt ceiling in exchange for significant cuts in spending levels over the next decade, and avoid a first.

RealtyTrac: 2Q foreclosure activity rises as some states see reboot There was a significant fall in foreclosure activity for Aug 2013, with a lesser number of residential properties entering the foreclosure process.. while 17 states reported a rise in the same.

Top leaders of both parties in Congress are making progress on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government’s borrowing limit.. Congressional leaders report progress on debt, spending talks. by.

Congressional leaders make progress on debt, spending talks Their aim is to avoid automatic spending cuts – and to minimize the chances of a government shutdown . By ANDREW TAYLOR Associated Press