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refinancing: How Do You Spell Relief? R - E - F - I - 03/12/09 12:32 PM
Tuesday I attend a presentation by representatives of Federal Home Loan Mortgage Corporation (Freddie) in which they discussed their new Relief Refi program. This is program is a big step in the right direction that will help the many families that are living responsibly within their means and making their mortgage payments.
I've posted here before lamenting the fact that many mortgage borrowers are prevented from taking advantage of the current low interest rates because they no longer qualify for the same loan someone made them two or three years ago. In the brave new world of tightened loan underwriting guidelines … (5 comments)
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refinancing: I Just Asked. You Just Answered. - 01/16/09 06:39 AM
My post yesterday "I'm just asking . . ." elicited many thoughtful comments. So many comments in fact, that I thought another post is the only way to do justice to the issues raised by my readers.
This new and largest yet mortgage refinance boom will help homeowners with a significant equity and great credit. People got that way because they are careful with their money and responsible with their obligations. Helping people of this character will certainly increase the odds that the economy benefits.
There are millions of homeowners, many of them young families and single parent households that … (15 comments)
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refinancing: I'm just asking . . . - 01/15/09 05:30 AM
Most everyone knows by now that there's a flood of refinancing going on. Refinancing is front page news in the mainstream media. The low rates are artificially induced by the government's intervention into the mortgage securities market. Many homeowners are going to benefit. A lot of the money saved will be spent. That's good for the economy.
I think the Washington policy wonks got it wrong. Big surprise there. The intervention is not helping many people who need and deserve help the most. This post is not to argue whether or not the government should intervene. That decision is made.
The people … (26 comments)
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John Bethell
Bloomington,
IN
More about me…
John Bethell Title Company, Inc.
Address: 329 South Walnut Street, Bloomington, IN, 47401
Office Phone: (812) 339-8434
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