Ittle more than a month after president obama announced a historic diplomatic reboot with cuba and lifting restrictions on americans travelling to the nation, 8 senators and 4 democrats and 4 republicans introduced legislation to go to cuba and this is the first on the trade with cuba and president obama eased some restrictions last month it takes an act to lift the full embargo in place for 50 years, any bill that eases or lifts embargo faces stiff opposition from many lawmakers. Meanwhile cuban president castro is sounding his own opposition to a more normal relationship with the United States so long as america quote blockade stays in place. He also renewed longstanding demands that the u. S. Evacuate the Guantanamo Navel base on the eastern coast of the islands and u. S. Leased the 45 square mile air from cuba since the early 20th century but since 1959 the communist government called the u. S. Presence there illegal under International Law because cuba insists the u. S. Base was i
I think theyre going to start to see a lot of pressure from congress to rein in their costs. Josh mitchell writes for the wall street journal, and thanks for spending the last half hour with us. Yes. And we appreciate all of your phone calls, comments on twitter, and the conversation continues online, and the question we have been asking is, how much debt is worth going into college . [captioning performed by national captioning institute] [captions Copyright National cable satellite corp. 2013] coming up, president obamas statement on nominating jacob lew, and then vicepresident biden on gun laws. Then, a new report on mortgage policy changes. Later, another chance to see the look at the rise of the Student Loan Debt. Friday, on washington journal, business roundtables john engler on the fiscal cliff and the updated battles in congress. Then, looking at the increasing number of women in congress with Stephanie Schriock, and after that, michael from the pew research center. Washington
We understand the intent of congress and the cfpb to prevent mortgage but uses in the future and stabilizing the Housing Market. Nevertheless, we are concerned that the plethora of regulatory changes could further stymie the Housing Market and Community Banks ability to provide Mortgage Loans. For this reason, we urge the cfpb to tailor the rules so they do not inhibit many banks ability to provide mortgages. Many Community Bank Mortgage Loans are held in portfolio and are not sold on the secondary market. The banks have a vested interest in how the loans perform. Accordingly, they are underwriting the underwriting for these loans has historically been more conservative. Many of these loans are not cookie cutter loans they are made to borrowers who cannot qualify for a secondary market loan and not because they do not have the ability to repay, but because their properties may be unique. It may be a large parcel or have outbuildings that do not qualify for the secondary market. Like th