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Changes are Being Made!

By Sam Giannakakis

Mortgage and Lending with Sam Giannakakis, Residential Mortgage Group

October 24, 2011 11:14 AM

Today we have started to receive more information regarding the new mortgage/refinance program that Obama’s administration has come up with. This is a quick easy guide in understanding the changes that are being made.

This is just a snapshot of the information I have received today. More information will be coming out in the near future. Information is subject to change, I suggest you speak to a professional before making/suggesting any decisions. I have received information from the sources listed below.

The York Daily Record- Don Lee, CBS News, Mortgage Market Guide, Washington Post

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Jeff Jensen

The Federal Savings Bank/Lending in 50 states - Greenwich, CT

I am skeptical as to whether banks will really follow through on this program. The last one was a fizzle.

Oct 24, 2011 11:16 AM

Ralph Janisch ABR CRS Broker

Janisch & Co. - Conroe, TX

Selling Northwest Houston to good people like you!

Why do I get a queasy feeling anytime the government starts to screw with something that should be left to the private sector??? And, the answer is..... everytime the government sticks their nose where it doesn't belong the whole thing just blows up and it takes years to fix.

Oct 24, 2011 11:36 AM

Sam Giannakakis

Sam Giannakakis, Residential Mortgage Group - Wayzata, MN

Mortgage Officer 612.816.1511

While I am always skeptical about a new/revised program, I do think this will help a beneficial to some of the really hard hit states like Nevada. However, I don't see it going past that.

Oct 24, 2011 11:47 AM

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Sam Giannakakis

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