Obama promises aid to families mortgaged by charging taxes to large banks



The president of the United States, Barack Obama, walks outside the White House in Washington. Kevin Lamarque / REUTERS

The US real estate market is experiencing a situation similar to that of Spain. Their real estate bubble burst and families now pay huge mortgages, because they owe the bank more than their homes are worth . And as in Spain the evictions have increased in geometric progression.

Because of that vertiginous decrease in the price of housing in recent years, more than 10 million owners (one in four) now owe the bank more money than the value of the house they bought in their day. It has been recognized by the president of the United States, Barack Obama.

He did so by presenting a plan to revitalize the real estate market that will allow millions of homeowners to refinance their mortgages and take advantage of historically low interest rates.

Owners “responsible”

Owners "responsible"

Many families have had to resort to the help of public programs to avoid losing their home, but until now these initiatives have been unable to cope with the magnitude of the problem. The plan presented seeks to benefit, according to the White House, 3.5 of the 10 million owners who owe more than their home is worth.

It also proposes greater leniency with the owners who are unemployed. Those “responsible” owners who are up to date in the payment of their mortgages can refinance them with loans at lower interest rates and guaranteed by the federal government, which will mean an average annual saving of about $ 3,000.

In addition to the refinancing of mortgages, Obama’s new plan includes more protection to prevent “inappropriate” evictions, the sale of properties seized by government agencies for private investors to place later on rent, and greater leniency with owners who are unemployed.

“Banks and lenders must be responsible for putting an end to the practices that helped cause the crisis,” Obama said today, urging Congress to approve this plan, whose estimated cost is between 5,000 and 10,000 million . Dollars.

The second Obama plan that tries

The second Obama plan that tries

The president proposes that the financing comes from the creation of a tax on the big banks and financial institutions, which complicates the plan being approved by Congress , where the Republican opposition controls the House of Representatives.

A similar plan in 2009 barely managed to restructure 900,000 mortgages The new initiative aims to be a complement to the Affordable Housing Modification Program (HAMP), which has just been extended until 2013, one more year than planned, to broaden the base of the participants .

Launched in 2009, the HAMP aimed to change the financial conditions of almost 4 million mortgages and avoid further evictions, but the government has acknowledged that it has barely helped to restructure 900,000 so far .

A help, but in exchange for what

A help, but in exchange for what

Mercedes Salas, an economist and advisor to the program of over-indebtedness to families of the World Bank of Women, believes that low-interest refinancing is good news: “It’s fabulous but you have to see in exchange for what low interest rates and letters will be given. small: If it is in exchange for more guarantees, extending deadlines … “.

The banks in Europe are injected with money they are not asked for, so it seems unthinkable that I can spend here

As to whether these measures would be possible in Spain, Salas is quite incredulous: “Banks in Europe are injected with money they are not asked for, so it seems unthinkable that they request taxes from large financial institutions in order to lower interest rates. to the mortgaged “. Hence, the economist also sees with difficulty that Obama can receive the support of Congress to approve this initiative.

Salas also believes that if, in the event that Spain lowers the interest on the mortgaged, the real problem could persist, since the interests are not the disadvantage for the over-indebted families, but the high price at which they acquired their homes: ” In Spain there is no problem of interest, the problem is the quantity itself, “he concludes.

Controversy in the plenary session of the Diputación de Cuenca when a motion was approved in support of the provincial institutions

Controversy in the plenary session of the Diputación de Cuenca when a motion was approved in support of the provincial institutions

The plenary session of the Diputación de Cuenca has approved a motion in defense of the provincial institutions. With the votes of the ‘popular’ deputies and the abstention of the Socialists, the session has moved forward the motion, presented by the Popular Group, which supports the permanence of the councils as instruments to ensure territorial balance and homogeneous development of all the municipalities of the province.

The plenary session of the Diputación de Cuenca has approved a motion in defense of the provincial institutions. With the votes of the ‘popular’ deputies and the abstention of the Socialists, the session has moved forward the motion, presented by the Popular Group, which supports the permanence of the councils as instruments to ensure territorial balance and homogeneous development of all the municipalities of the province.

The spokesman of the Popular Group, Carlos Algaba, has defended the paper of the delegations against the proposal of the candidate of the PSOE to the general elections, Alfredo Perez Rubalcaba, to suppress them. Ensures that they guarantee basic services to the citizens of the smallest municipalities, as well as advice to the municipalities with the most needs.

“Without the support of this institution, the smaller municipalities would be doomed not to have services since from this house, they carry out advisory tasks and ensure the provision of basic services,” he has defended.


In this sense, the spokeswoman of the opposition, Carmen Torralba, has criticized that the “popular” have rejected the five motions that the socialists have presented; considers that with its position, the government team has impeded the development and territorial balance that they defend. Thus, Torralba has assured that the Diputación de Cuenca has denied today to many towns of the province investments in cultural, tourist and infrastructure.

“You have to have ‘morro’ and ‘hard face’ to give a speech about the small towns or that the president says that what he likes or longs for is seeing the towns full, because that way you will see them empty, without culture and without progress because you are denying them here today, in this plenary session, “said Torralba.

The motions urged the government team to negotiate with the Community Board the maintenance of the Bibliobus service, which was abolished in some municipalities and about to end the contract in others and to request the regional government to develop and extend the Hydraulic Works Agreement. In addition, the Socialists’ motions also called on the Provincial Government, on the one hand, to urge the Board to financially support the development of several tourist investments in Belmonte and, on the other, to sponsor the commemorative Days of the Bicentennial of the death of Francisco Sánchez Fernández , ‘Uncle Camuñas’.

Questions to the president

On the other hand, the Socialists have also transferred to the president of the institution, Benjamín Prieto, several questions about the future of the deratization and disinfection service in municipal buildings, the fate of the extinguished program On Wheels or the possible aid to municipalities with serious economic difficulties as Horcajo de Santiago, which maintains large debts with its main suppliers.

The president has indicated that they will try to maintain all the services that the institution offered up to now, although its provision will depend on the economic possibilities. He has defended that the priority now is to study the accounts of the institution and has assured that the forecasts of the technicians are not very promising.

However, Prieto has indicated that they will try to help the municipalities that are facing serious economic problems and has guaranteed that they will provide technical assistance to the approximately 90 municipalities that, for not having presented their accounts to the Ministry of Economy, may not receive the amount corresponding to the participation in state taxes; This is the case, for example, of the second population of the province, Tarancón.

In any case, Prieto has indicated that the deratization service could begin to be provided “at the latest with the start of next year”. About the program ‘On Wheels’ has ensured that the budget of 167,000 euros, has been allocated to the Board of Professional and Urban Studies. About the Bibliobús has indicated that “is in the process of solution.”

The Socialists have also urged the president of the council to meet with mayors who request an audience, as is the case of Villalba del Rey who has been canceled the appointment up to five times.

This was the first plenary session of the legislature, after the organic session last July; The session also approved several extensions in the terms of the Works and Services and Minor Works Plans and in the programs for the maintenance of local public services included in the Special Plan for Sustainability and Quality of municipal services.

Today’s plenary session also gave an account of Rogelio Pardo’s resignation to his deputy seat after being appointed as the Delegate of the Board in Cuenca. Apart from the absence of Pardo, in the socialist group have not attended the full two deputies of La Mancha: Manuela Galiano and Mari Carmen García Patiño.

Thousands of Valencians call for a "fairer" regional financing




Demonstration in Valencia for the improvement of regional funding. TWITTER SOCIALISTES VALENCIA

A massive demonstration was held on Saturday in the center of Valencia to show the unity of society around fair financing for the Valencian Community, a clamor that has joined thousands of people with parties, unions, employers and social entities. The protest passed without incident and without flags or slogans to avoid “any political bias”.

The organizers – the unions UGT-PV and CC OO PV together with the CEV regional association, with the support of PSPV, Compromís and Podemos – wanted this appointment to be “historical” and not be seen as an “exercise in victimhood”, for that “on Monday, all the political groups sit down to negotiate” about the distribution of funds.

The march has started with two large banners without acronyms of unions and parties, both under the slogan ‘El poble valencià exigeix ​​finançament just’ ( ‘The Valencian people demand fair financing’ , in Spanish) and led by the main representatives of organizers. It was followed by another five banners of dependency platforms, public education, NGOs, youth and public health.

The delegation spoke with the demonstrators of the main parties with representation in the Valencian Community -PSPV, Compromís and Podemos-. Citizens also supports the march and the PP has not joined in understanding that funding is claimed in institutions and not on the street.

At the institutional level, the entire Council has been added as a bloc , deputies from the Valencian Parliament and provincial and municipal representatives. All marched with the aim of launching a call for Valencian society to be heard “with one voice” to end the “discrimination” that has suffered with all regional funding systems, as reflected in the joint manifesto.

The demonstrators left after 6 pm on Guillem de Castro street in Valencia and continued their journey through the center of the capital through the Paseo de la Pechina and Blanqueries street, ending at the Torres de Serrano with the reading of the speech unitary.

Báñez responds

The Minister of Employment and Social Security, Fátima Báñez , has transferred her “respect” to the demonstrators of the great march on Saturday for regional funding -to which the Popular Party has not joined-, but stressed: “I hope that the public managers that today are demonstrating in Valencia are on Monday in the institutions negotiating for the Valencians and for Spain “.

Báñez has spoken in these terms at the closing of a day on employment, self-employed workers and entrepreneurs organized by the PPCV, in which the president of the Valencian “popular”, Isabel Bonig , has also intervened .

In his speech, the minister has acknowledged that we must improve the funding of the Valencian Community, but “to be useful to citizens” it is necessary to do “in institutions, the place where dialogue and agreement is made” and not in demonstrations like that of 18-N.

“I respect those who are going to demonstrate today in Valencia, they are in their right, but I hope to PSPV, Citizens, Commitments and We can on Monday in the institutions to improve the model for the Community and for the rest of Spain”, has underlined.

In this way, the head of Employment has ensured that there will be a better financing model for the Region “if the PSOE and the other parliamentary parties support it.” “That tell the truths and do not do half , Rajoy is willing, as always during this term, to build Spain pact to pact,” he said.

Báñez insisted, however, on the need to seek a regional financing system so that “fundamental public services are of higher quality for Spaniards, wherever they live” .

In that sense, he stressed that “the results” of the current system of distribution of funds “are not a novelty for the PP”, as he recalled that his party said in 2009 that “it was not a model of funding where everyone wins, but where everyone lost. “

“As I talked a lot with the (ex) ‘president’ (Alberto) Fabra , I was very aware that the Community had a future problem with this model”, he illustrated.

Bonig: The PP “has never been sectarian”

For its part, the president of the Valencian PP has also ensured that “respects” the demonstration, but has agreed with the minister that his party “will continue working for the five million Valencians, without asking who they kiss, where they come from, Who they vote or who they pray. ” “This party has never been sectarian and never will be,” he stressed.

“Those who will go behind the banner today know exactly where the problem is and who approved in 2009 a financing system that crushes the Comunitat to satisfy the separatists , was Zapatero’s PSOE,” he said.

Bonig has recalled that “the PP said that he was a bad model and that he was going to work to change it ” and he has reiterated: “This is what we did and we continue doing it, I did not hear Puig or Oltra complaining about that model, on the contrary. “

“It’s not the time of the banner”

In any case, the ‘popular’ has recognized that the Community “needs an improvement in funding” , but believes that, currently, “it is not the time of the banner, but to negotiate it in the offices, in the policy council fiscal and vote it in Congress. “

“To change the law we do not have an absolute majority, we need at least the PSOE, that is why today they are demonstrating, on Monday we will continue to be poorly financed because of the Zapatero government and we will have to continue negotiating and dialoguing, and I expect the institutional loyalty of at least , the PSOE “, has riveted.

Corredor delivers the keys of 31 VPO in rent and lease with option to buy in Es Pil·larí

More than 8,000 Balearic youth have received the Basic Emancipation Income


The Secretary of State for Housing and Urban Actions, Beatriz Corredor, has handed over this Friday the keys of 31 Housing Official Protection under lease or rental with option to purchase, real estate that has been considered to have an “excellent quality.”

Corredor, who has been accompanied by the president of the Government, Francesc Antich, the mayor of Palma, Aina Calvo, and the head of the Consell de Mallorca, Francina Armengol, explained that these properties are part of a promotion of 156 homes Ibavi that the Ministry of Development has helped finance with 13.7 million euros between a direct subsidy of 4.2 million and a subsidy of 9.5 million for the payment of the loans.

These protected homes, as recalled by the Minister of Housing and Public Works, Jaume Carbonero, were purchased in stock from private developers, after the previous Govern of the PP decided to sell the site that was owned by the autonomous community. The purchase of the three buildings involved an investment of 24.74 million euros.

Although in this neighborhood the Ibavi manages 156 VPO, the promotion of which this Friday the keys of 31 homes have been delivered, is of 78 properties. Of these, 39 are for rent and the other 39 for rent with option to purchase.

Thus, 13 contractors have accessed rental housing, so they will pay monthly fees of 380 to 450 euros, depending on the specific characteristics of each property. The other 18 will pay between 518 and 664 euros per month and, after a period of one year, they can opt to purchase the apartment, for which 50 percent of the amounts paid for rent will be deducted from the final sale price. BETWEEN 167,000 AND 199,000 EUROS

Once ten years have elapsed, the homes of the promotion can be purchased for prices between 167,000 and 199,000 euros, including parking and storage. In addition, the floors consist of two or three bedrooms, and have surfaces that range between 73 and 90 square meters.

For his part, Antich has emphasized that this delivery of keys highlights that the community has changed the “way of acting” that it had in terms of housing, since the previous Executive “had no housing policy”, and had that make a major effort in “acquiring lots to build”.

On the other hand, Corredor stressed that the acquisition of 156 homes for private developers has been facilitated by the measures taken by the central government to encourage part of the stock of free property to go to the VPO market and allow the planned aid in the State Housing and Rehabilitation Plan “also reach these homes.”

In this way, as explained, more affordable housing is made available to families and it contributes to the absorption of the stock, which helps to reactivate the real estate sector and, therefore, to the creation of employment.

Also, the Secretary of State has highlighted other aid implemented by the central executive, such as the nearly 100 million that she has granted since 2004 to families on the islands to favor their access to the purchase or rental of a home, as well as to rehabilitation. 1,400

Refurbished homes

Refurbished homes

With regard to young people, he has indicated that more than 8,000 people in the Balearic Islands have received the Basic Emancipation Income, thanks to an investment of 21.5 million euros by the central government. In addition, the aid for the Rehabilitation and Urban Renewal Areas – with a total investment of 6.2 million – has allowed the rehabilitation of 1,400 properties on the islands.

It should be noted that both the mayor Aina Calvo and Antich, before the handover of keys, have held a meeting with several neighbors who have expressed their dissatisfaction with the fact that more families will live in Es Pil·larí when in this area , as they point out, medical or school resources are already “saturated”. According to critics, the administrations have them “abandoned”.

Finally, the Ibavi has presented its activity report which includes, among other matters, information on the 87 projects it has managed during this term, 59 of which are new work, 17 have been acquired from private developers and 19 are It deals with rehabilitations carried out in the Polígono de Levante and Mahón.