Public Campaign Action Fund - mortgage industry

On Freddie's Payroll

Katie Schlieper — Thu, 25 Sep 2008 17:47:38 +0000

The revelation that John McCain's campaign manager, Rick Davis, had until last month continued to receive payments from troubled mortgage giant Freddie Mac through a public affairs firm he owns has prompted the Los Angeles Times (among others) to question how much longer McCain's "reformer" image can hold up.

Out of House and Loan

Katie Schlieper — Thu, 03 Apr 2008 20:50:08 +0000

Senators took swift action in the face of the mounting mortgage crisis to provide desperately needed relief to...home manufacturers? Don't suppose this has anything to do with recent threats by the National Association of Home Builders to suspend campaign contributions to members of Congress if they didn't get the legislation they liked.

Spending and Lending

Katie Schlieper — Mon, 14 May 2007 15:26:41 +0000

The Politico follows up on the report released last week by Common Cause on the escalation in political spending by mortgage lenders coupled with the rise in questionable lending practices (sub-prime and adjustable rate mortgages) that have hit low income families particularly hard. So, what does the mortgage industry have to say for itself?

(Sub)Priming the Slump

Katie Schlieper — Tue, 08 May 2007 19:26:56 +0000

Reports abound of homeowners squeezed by their mortgage companies, and foreclosure signs springing up like weeds as the housing bubble goes "pop." Surprise, surprise: this latest assault on the homeowner was facilitated by the cosy relationship, conceived in checkbook, between mortgage lenders and lawmakers. The Common Cause Education Fund connect the dots (pdf document).