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Article Written on: Wednesday-April-9-2008 BuzzBoards Calendar Contact Advertise About
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Louisiana News: Jindal Under Fire, Bush Housing Help, Road Home


Written by: BayouBuzz Staff


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 Jindal Under Military Fire

 

According to the TP, the Louisiana National Guard is upset at the Jindal administration, according to a group of retired generals actually appointed by Gov. Bobby Jindal to review the military department's operations.

 

The TP has said Jindal has refused to release a report, citing executive privilege.

 

The conflict occurred when Governor Jindal reappointed Maj. Gen. Bennett Landreneau as the state’s adjutant general despite a committee oversight report which was commissioned by Jindal.  The generals sent a letter to Governor Jindal complaining but Jindal’s Chief of Staff, Timmy Teepell said that he thought Stroud was biased and could have a conflict of interest. 

 

 

Bush Grants Mortgage Help, Senate and House With Bills

WASHINGTON - The Bush Administration today announced additional mortgage assistance for subprime borrowers who are at risk of foreclosure.  The plan, which is designed to help address the adverse economic conditions affecting many communities across America, will help break the cycle of house price depreciation that is being caused by an increasing number of foreclosures and the overall contraction in the credit market.  Under the new plan, HUD's Federal Housing Administration (FHA) would have the added flexibility to insure more mortgages, including those for borrowers who were late on a few payments and/or received a voluntary mortgage principal write-down from their lender.  

This FHASecure expansion will help more homeowners who are struggling to keep up with mortgage payments on their high-cost subprime loans.  With this expansion of FHASecure, the Administration expects about 500,000 families to refinance into prime-rate FHA-insured mortgages in total by the end of this year.

 

The Bush Administration admits that the plan is not a silver bullet.

 

There are major bills that are working its way through the Senate and the House.  The Senate bill would allow for 17 billion dollars in benefits and credits.

 

Road Home

Latest Program Statistics
As of April 7, 2008

Total applications recorded:

185,106 (final)

Initial appointments held:

166,093 (final)

Eligible applicants:

154,945

Benefit options selected:

137,896

Option 1 - 119,424

Option 2 - 10,114

Option 3 - 2,812

Decline benefits - 1,765

Delay benefit selection - 3,473

 

No funding:

3,530

Elevation only:

13,142

Sold home prior to application:

4,881

Closings held:

105,516

Total amount of awards disbursed:

$6.2 billion*

Average award disbursed:

$58,745*

  • These numbers are reported as of April 4, 2008.
  •  

Aimerican Airlines

More American Airlines has 850 more planes on the ground today to check for wiring problems.





 

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Comments from BayouBuzz readers

Jindal supporters must be so proud of their Governor now. Jindal has out spent Blanco and now this. Jindal and Vitter are proving the republican party is nothing but liars and Hypocrites.
Written by Diaperman on 4/9/2008
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Yeah, I guess executive priveledge is more important to Jindal than the "transparency" in government he claimed to support when he ran. He is a liar and a hypocrite. Go ahead Jindal supporters, defend "executive privledge" (and don't do it by crying "but other people did it". YOU said Jindal was better. We didn't believe you. WE TOLD YOU SO.
Written by Dan on 4/9/2008
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Executive Privilege?Timmy Teepell looks more Nixonian every day.
Written by David Quidd on 4/9/2008
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