making home affordable: You Want to Know - Can I?
- 09/01/10 02:57 PM
… (26 comments)
|
making home affordable: Federal Government Rolls out 125% of Value Refinance Program
- 07/01/09 05:13 PM
Several news media outlets are reporting the federal government will be refinancing mortgages up to 125% of value. This move should help some homeowners who desire refinancing in order to take advantage of the current lower interest rates, but find themselves upside-down on value. U.S. Housing and Urban Development Secretary, Shaun Donovan announced Wednesday, July 1st, that the federal government's Home Affordable Refinance Program will serve people whose mortgages are up to 125 percent of the value of their homes.This move would raise the "underwater" loan to value limit on the program from the current 105%.HUD Secretary Donovan made the announcement … (7 comments)
|
making home affordable: Some Lenders Exempt to California's New Foreclosure Prevention Act
- 06/23/09 03:00 AM
Apparently, not all California lenders are created equal when it comes to the state's newly implemented foreclosure prevention act launched early last week. It is being reported that 7 lenders have been provided immunity, and several others have made application to become immune.Among the first 7 qualifying and found exempt from the act are Bank of America Home Loans, CitiMortgage and Carrington Mortgage Services.Among qualifying criteria for bank exemption is participation in the "Making Home Affordable" program promoted by the Obama administration.California has been heavily impacted by the number of foreclosures in the current housing crisis, with more than 365,000 foreclosures … (9 comments)
|
|
|
|
… (26 comments)
;)
;)
;)
