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...What accounts for the disappointing pace? According to Treasury and HUD, servicers aren't spending enough money or energy to make the program work. Treasury and HUD want the companies to add more staff, expand their call centers, train their representatives better, put more information online and create a system for dissatisfied borrowers to appeal their cases. To shame the firms into better participation, the government said that in August it will start revealing the number of modifications at each company and the long-term success of those rewrites...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

...forward, we didn't simply put out some broad principles; we were fairly specific. We said we need to have insurance reform, and that's going to include things like preventing insurers from dropping people because of pre-existing conditions. We said that we are going to need to expand coverage; that an insurance exchange that would provide people a menu of options was an important mechanism to expand choice and help to deliver help to people who didn't have health insurance or were underinsured. We talked about the need for a public option as part of that health...

Author: /time Magazine | Title: Obama: 'We've Provided More Guidance Than Advertised' | 7/29/2009 | See Source »

...this forward, we didn't simply put out some broad principles; we were fairly specific. We said we need to have insurance reform, and that's going to include things like preventing insurers from dropping people because of preexisting conditions. We said that we are going to need to expand coverage; that an insurance exchange that would provide people a menu of options was an important mechanism to expand choice and help to deliver help to people who didn't have health insurance or were underinsured. We talked about the need for a public option as part of that health...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

...need to approach the problem. And by the way, I in no way want to suggest that cost is more important than coverage. My point has been that those two things go hand in hand. If we can't control costs, then we simply can't afford to expand coverage the way we need to. In turn, if we can expand coverage, that actually gives us some leverage with insurers or pharmaceutical industry or others to do more to help make the health care system more cost-effective...

Author: /time Magazine | Title: TIME's Exclusive Interview with President Obama | 7/29/2009 | See Source »

...from Southern states, the Blue Dogs supported the Republicans' Contract with America, complained that the Clinton White House was too liberal and called for a balanced federal budget. Shortly thereafter, the coalition's co-founders, Tauzin and Louisiana Representative Jimmy Hayes, switched to the Republican Party. Blue Dog numbers expand and contract with every election, and new members are adorably referred to as Blue Pups. Nineteen Blue Pups have won seats in the past two elections. Two were defeated and a handful more retired...

Author: /time Magazine | Title: Blue Dog Democrats | 7/28/2009 | See Source »

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