The First Look Program launches two weeks just two weeks after Atlanta riots over a lack of low-income housing hospitalized a dozen people. If First Look works, a riot like that will never happen again and thousands of working class and formerly homeless families will have homes they can afford.

Yesterday, the White House announced that $7 billion had been given to housing and community redevelopment agencies across the nation. In the past, urban and rural housing agencies are

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The New York Times reports that the only new federally regulated bank to open in the United States this year “operates out of a secondhand double-wide trailer, on a bare lot in front of the cavernous Trinity Baptist Church. A blue awning covers the makeshift drive-through window.” Tiny Lakeside Bank opened in July among the oil refineries and casinos of Lake Charles, Louisiana.

Former Louisiana State football tackle Hartie Spence is Lakeside’s manager. The article describes

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Forget loan mods, low interest rates and scrapping Fannie and Freddie. As sales of previously occupied homes plunged last month to their lowest level in 15 years, economist Gerald Celente says the only thing that will save US housing is a boom in American job creation. Celente's predictions have proved correct many times. He is credited with predicting the 1987 stock market crash, the economic collapse of the Soviet Union and the subprime mortgage bubble and bust.

"There's no double

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This past Tuesday, mortgage executives, financial leaders, and economists met with U.S. Treasury officials to share ideas about the future of Fannie Mae and Freddie Mac, both of which are in conservatorship. Treasury Secretary Tim Geithner said there would be “fundamental change” to the structure of the two government-sponsored enterprises (GSEs). Geithner also said, “We will not support a return to the system where private gains are subsidized by taxpayer losses.”

The U.S.

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The Congressman who cosponsored the sweeping financial reform act told Fox News that he believes Fannie Mae and Freddie Mac should be scrapped. Barney Frank, chairman of the House Financial Services Committee, was asked by Fox Business Network’s Neil Cavuto what role Fannie and Freddie should play in housing markets.

"I think they should be abolished," Frank replied. "The only question is what do you put in their place. This is a situation where given the importance they had come to

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