Obama calls on Congress to help more homeowners

In this Monday, May 6, 2013, photo, a home is for sale in Mt. Lebanon, Pa. A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday, May 8, 2013. (AP Photo/Gene J. Puskar)

In this Monday, May 6, 2013, photo, a home is for sale in Mt. Lebanon, Pa. A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday, May 8, 2013. (AP Photo/Gene J. Puskar)

Buy AP Photo Reprints

WASHINGTON (AP) — President Barack Obama says Congress must give more homeowners the chance to refinance their mortgages to save money.

Obama says more than 2 million people are saving about $3,000 a year after restructuring their loans under his administration but that more deserve the same chance.

In his weekly radio and Internet address, Obama also calls on the Senate to confirm "without delay" his choice of Democratic Rep. Mel Watt to lead the Federal Housing Finance Agency, which oversees government-controlled mortgage lenders Fannie Mae and Freddie Mac.

Obama says the North Carolina congressman helped enact rules to protect consumers from dishonest lenders.

In the Republican address, Alabama Rep. Martha Roby discusses legislation passed by the GOP-controlled House to give private-sector workers the right to trade overtime pay for additional time off.

___

Online:

Obama's address: www.whitehouse.gov

Republican address: www.youtube.com/HouseConference

Associated Press

Authors: TSX Today

What is S&P/TSX Composite Index?

S&P/TSX Composite Index

The TSX stock exchange defines an index as a statistical measure of the state of the stock market, based on the performance of certain stocks. The performance of the index is typically viewed as a broad indicator of the direction of the economy. Originally known as the TSE 300 the composite index was created in 1977, with a base level of 1000 as of 1975. Through the years the index consisted of a sample of 300 companies, though the companies that comprised the index varied from year to year. Stocks were dropped when they no longer met exchange requirements for size and liquidity.

Effective May 1st, 2002 the index has been managed by Standard & Poor's Corp. of New York. The name was changed from the TSE 300 to the S&P/TSX Composite Index. Along with the S&P branding came new rules. Tougher criteria for meeting size and liquidity standards were imposed and there is now no fixed number of companies in the index. Since May 2002 the number of companies has dropped from 300 to 212 as of November of 2003.

SEO for Canada

seo canada

SEO in Vancouver is the provider of SEO Services for the webpage TSX-Today. Our webpage gets thousands of visits. Thanks to SEOinVancouver TSX-Today now ranks on Page 1 in Both Bing and Yahoo for the super competitive keyword TSX. If you are looking for SEO Canada or SEO Vancouver, please visit SEO in Vancouver. Simply the BEST for SEO Canada!

Search