the bush administrations hope now program: The Bush administration's HOPE NOW program - 11/30/07 04:09 AM
Declining home prices have put many borrowers in a position where their home is worth less than they owe on their mortgage. When borrowers with ARM loans see their monthly payments increase when low, initial "teaser" rates expire, many have little incentive to continue making payments and end up in foreclosure. The Bush administration's HOPE NOW program could be finalized by the end of the year and that one scenario involves freezing interest rates on eligible loans for up to seven years. Although freezing interest rates would reduce the yields investors receive from some mortgage-backed securities, they could theoretically face even … (0 comments)

the bush administrations hope now program: The Bush administration's HOPE NOW program - 11/30/07 04:06 AM
Declining home prices have put many borrowers in a position where their home is worth less than they owe on their mortgage. When borrowers with ARM loans see their monthly payments increase when low, initial "teaser" rates expire, many have little incentive to continue making payments and end up in foreclosure.
The Bush administration's HOPE NOW program could be finalized by the end of the year and that one scenario involves freezing interest rates on eligible loans for up to seven years. Although freezing interest rates would reduce the yields investors receive from some mortgage-backed securities, they could theoretically face even … (0 comments)

 

Matthew Ernsdorf

Kilauea, HI

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