| |
foreclosure relief: Mortgage rescue, foreclosure relief, downpayment assistance - 10/01/08 08:42 PM
Mortgage bailout, $700 billion rescue plan The Senate has just passed the mortgage market rescue plan. The bill itself has grown from the original 3 page Treasury proposal, to a 110 page rewritten House bill, and now stands at whopping 451. My question is how many of the Senators voting tonight have read the bill.
Several of my posts on this bailout have expressed a hope that the bill would be limited to the rescue plan - vote for or against, but do not fill this bill with a bunch of add-ons. That did not happen. This bill is loaded, as … (7 comments)
|
foreclosure relief: FDIC program helps IndyMac borrowers UPDATE - 09/17/08 11:23 AM
Forbes is reporting, from Alan Zibel AP Business Editor, that FDIC has had some success reworking mortgages for many IndyMac borrowers who were struggling with their home payments. The article reports that the average monthly savings is $430.
Maybe there is a successful model in this program, to stem the growth of foreclosures.
The FHA Secure program does not seem to have had a high percentage of success, and my expectations are low for the Hope for Homeowners program that was enacted with the new housing law.
Estimates from FDIC are that there 40,000 eligible mortgages out of the 60,000 delinquent Indymac … (0 comments)
|
foreclosure relief: When it comes to HR 3221... - 08/15/08 04:39 PM
The new housing legislation brings many significant changes. Several of my posts have tried to address these changes. Mike Mueller has provided us an explanation of the major points of the changes most important to consumers.
And he has done so in terms that are very understandable.
Thanks Mike.
Via Mike Mueller:
The Media can be misleading.
Yeah I know, no surprise there!But let's talk about HR 3221, H.R. 3221 or if you want to call it by it's really long name, the Housing and Economic Recovery Act of 2008It was signed into law Monday July 28th, 2008. It was reported … (8 comments)
|
foreclosure relief: FHA Foreclosure Assistance - Hope for HomeOwners part of Housing Bill - 08/12/08 08:24 PM
The new Hope for Home Owners was passed recently as part of the foreclosure assistance in the new Housing Law, Housing and Economic Recovery Act of 2008. Last week FHA held a phone conference regarding the changes to FHA lending enacted by the new Housing Law, and this part of the new law was discussed. In an earlier post the changes to FHA down payment requirements was discussed.
Loan procedures and specific qualifications have not been published yet. FHA indicated that guidance would be issued soon in new mortgagee letters.
Under the program, many homeowners who are struggling with mortgages that they cannot afford will be … (3 comments)
|
|
|
|
|
|
Richard Smith FHA VA Rural Development in TN GA
Chattanooga,
TN
More about me…
Address: 1961 Northpoint Blvd, Suite 110, Chattanooga, TN, 37343
Office Phone: (423) 280-0345
Cell Phone: (423) 280-0345
Email Me
NMLS ID: 184479; GA – 28928; TN – 40161;
1961 Northpoint Blvd., Suite 110, Chattanooga, TN 37343,
Company NMLS ID:
Start Your Approval Process Here
Mortgages, home loans, real estate market, home purchase and refinance lending, renovation, FHA 203k, investment, first time home buyer, local events in Chattanooga, Knoxville, Cleveland, Nashville, Memphis, North Georgia, Hamilton, Bradley, Sequatchie, Catoosa, Walker, Davidson, Tennessee, Georgia.
follow richardbsmith at http://twitter.com
Read my regular monthly article in Scotsman Guide - The Fine Print
 |
|
  |
|
Lead Article: Inside the Reg Z Maze |
 Listings
Links
Archives
|
;)
;)
;)
