homeownership preservation and protection act: Home Affordable - When “No” May Not Necessarily Mean No Any More - 04/01/09 12:49 AM
Are you a homeowner who wanted to refinance to get the incredibly low interestrates available on fixed rate home loans? Maybe you wanted to trade-in your adjustable rate mortgage for one of these shiny low fixed rate jobbies? You heard about those interest rates that people have been getting that are in the mid-high 4% ranges, and wanted to put some of that interest savings back in to your own pocket, but WHAMMO - you found out that bank owned foreclosed homes and short sales have been driving the bus when it comes to current market value for you home. Even
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homeownership preservation and protection act: TGIF! The Weekend News Shows Will Have Some Fodder This Weekend! - 01/11/08 11:48 PM
The rumors were seeping out earlier this week that big changes are afoot for Countrywide and Bank of America. They are also afoot for Chase and Washington Mutual, but those rumors are yet to be confirmed. Today, Countrywide and Bank of America both gave their respective Press Release confirming the rumors. As with many events in life, this one comes with good and bad news. The Good: The resources of a mega-bank will shore up a floundering machineThe "save" did not originate from the government with taxpayer dollarsThe Bad: The mortgage industry which has already lost so many jobs will likely lose many moreCountrywide, who
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