Eric D. Colburn, PLS

HUD

Announces eligibility for borrowers up to 125% underwater in Las Vegas with Senate Majority Leader Harry Reid and Congresswoman Dina Titus
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration’s Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. Under authorization provided by the Federal Housing Finance Agency, borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.

Secretary Donovan made the announcement while touring a neighborhood in Las Vegas with Senate Majority Leader Harry Reid (D-NV) and Congresswoman Dina Titus. Las Vegas leads the nation in foreclosures and approximately 67 percent of the current mortgage holders have mortgages that are higher than the worth of their homes.

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PROFESSIONAL LAND SURVEYOR SURVEY

Should AIG employees get bonuses?

I’m not sure why AIG employees working (?) for a company that would be bankrupt without our hard earned paid taxes would deserve a bonus! If you’ve got the nerve to ask for and receive a bonus when you screwed-up the company in the first place, then you are a despicable excuse for a human being and deserve to go to jail. It’s fraud plain and simple, says me. And while I understand that crooks, like the people who ran AIG, have no shame in stealing another person’s money, it’s ultimately our politicians’ fault for this mess!

How is it possible to get a base bonus of millions when the company is failing. Think about this. These AIG employees, from what I understand, took a salary of $1 in exchange for performance bonuses at the end of the year. As their performance was dismal and their only success was to exist for a one year period of service (or lack thereof), then these bonuses must be based upon complete and utter failure as an outcome. Imagine how much these AIG employees would have earned (I use this term loosely) if they performed successfully!

Regardless of the hubris displayed by AIG, I, for once, would like to see our politicians’ stand up and admit that a lot of the financial crises and mismanaged recovery efforts, is their fault. In my opinion, it’s time for every single one of our politicians’ to step down, join the unemployment lines, and let’s start over with all new politicians. They’re all the same, but with a whole new set of politicians it will take them a while to screw things up and figure out how to screw us, the taxpayers.

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The Nature Conservancy Urges Passage of Omnibus Public Lands Management Act

The Omnibus Public Lands Management Act (S.22) is the most comprehensive public lands bill the Congress has considered in recent years.

The Public Lands Management Act is a significant step forward in ensuring the long-term health and sustainable use of our natural areas

These measures have strong local support and little or no opposition; it is my hope that the Act will pass unchanged so that it can be signed into law by President Obama.

Many of the management strategies in the Act will help our lands and waters become more resilient to climate change

Such adaptation programs are essential to safeguard both nature and people. The Nature Conservancy is pleased to see this reflected in the legislation.

Arlington, Virginia (Vocus/PRWEB ) February 10, 2009 — While the nation’s attention is focused on the movement of the economic stimulus plan, another important piece of legislation is poised to become law. The Omnibus Public Lands Management Act (S.22) is the most comprehensive public lands bill the Congress has considered in recent years. The bi-partisan Act addresses national, regional and local needs for the conservation of our forests, rivers, coastal and marine resources. Among the major national provisions of the Act are: Read the rest of this entry →

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