Real estate blog entries tagged with 2nd mortgage loan help from the us treasurey to work with making home affordable hope 4 homeowners programs by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

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Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "2nd mortgage loan help from the us treasurey to work with making home affordable hope 4 homeowners programs"

2nd mortgage loan help from the us treasurey to work with making home affordable hope 4 homeowners programs: US Treasury announces 2nd loan help program - 04/28/09 06:13 PM

The Treasury today announced details of the "Second Lien Program," which will work in tandem with the existing Home Affordable Modification Program to ensure more borrowers receive the assistance they need.
"Up to 50 percent of at-risk mortgages have second liens, and many properties in foreclosure have more than one lien," the Treasury said in a statement.
"Under the Second Lien Program, when a Home Affordable Modification is initiated on a first lien, servicers participating in the Second Lien Program will automatically reduce payments on the associated second lien according to a pre-set protocol."
Alternatively, loan servicers can extinguish the second … (1 comments)

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Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

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