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Blog entries tagged with "rate freeze":
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Here we are in the 21st century of America and now we learn that there is a greater reward if you fail the test than if you scored high. I am referring to the FICO score test for the voluntary non-government sponsored Fast Track interest rate freeze.
If you are a Sacramento homeowner looking for options regarding your home and are unable to make your payments, I just updated my main blog at Sacramento Real Estate Gal which you might want to consider reading. 
Our President has decided to step in and 'freeze' adjustable rate mortgages. The administration suggests their actions can help 1.2 million homeowners. Another statistic (according to the Center for Responsible Lending) says the freeze will only assist 145,000 homeowners, they say the criteria is too narrow to help more. 
First off, sorry it has been awhile since I have posted I am in the middle of remodeling a couple of rooms in my house, and I spent the last few days laying down new flooring. Now on to the BLOG. ::march::::march::::march::Hi-HooOOOoo Hi-Ho, it's off to blog I go....::march::::march::::march::::march::
Much has been written about the President's rate freeze plan, and I am not an economist, nor a mortgage pro, but I do find history interesting. We all forget the lessons of the past, in the heat of the moment. 
The Strict Qualifications
Let's get one thing straight, you don't need to cry about the bailout because there isn't one. Let me re-phrase that, people aren't being bailed out. Look closely and you will see that the program implemented is solely to protect the lender from borrowers walking away from an upside down position. … (4 comments)
Hi folks. I've been trying to get my head around the proposed rate freeze. Rosemary Brooks wrote a post yesterday expressing her concerns about this program and how it will exclude too many folks. After going back and forth with her in the comments we both agreed that if you can't … (84 comments)
This Thursday, Treasury Secretary Paulson and President Bush announced the details of a plan to freeze the interest rates on many subprime ARMs (Adjustable Rate Mortgages). While this spurred the stock markets and initially the idea sounds good, it's like putting a band-aide on a gunshot wound.
I trust you will find this article useful regarding the Federal Plan to help some subprime borrowers announced yesterday by President Bush. This will help you answer the questions that will come your way. It's a great opportunity to attract some Refi business in December and January.
With all the bru-ha-ha regarding today's announcement of an interest rate freeze, I have to wonder if we are missing the true message that is being given.
I am hearing that Governor Crist has extended the freeze that he signed several months ago that prevents Citizens Property Insurance (the so-called, insurer of last resort in Florida) from raising the rates it charges their customers for homeowner coverage. Instead of doing this by executive order, he accomplished it by … (0 comments)