The President Must Have Heard Me

By
Mortgage and Lending with Stearns NMLS #232164 CA BRE #01380812 BRE 01380812 NMLS 232164

He Heard Me!

President Listening

 

When people call me to help them refinance and they are "un-

derwater" owing more than their home is worth and do not have a 

Fannie Mae or Freddie Mac owned mortgage, I tell them to call their representatives in Washington, D.C. and say, "HEY, where's the assistance for good people like us who have been making our payments but find ourselves underwater and can't take advantage of the low interest rates just because we're not in the Fannie/Freddie camp?"  It seems like the president shares my idea because that's exactly what he recommended this past weekend during his weekly radio address.

 

If you have called your representative, good for you!  If not, I encourage you to make your voice heard. 

I like to think I have the President's ear and I would certainly give him some suggestions as to how to help the HARP ineligible.

What would you suggest?  

 

 

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Rainmaker
51,091
Rebecca Howard
Coldwell Banker Residential Brokerage - Orland Park, IL
Recognized | Respected | Recommended

Good idea Mary Anne. Lets hope more folks do call and more than that, finally something will be done to help.

May 13, 2013 10:08 AM #1
Rainer
284,468
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Mary Anne -- we have been hearing rumors of a "HARP III" for those who were not Fannie/Freddie/FHA for about a year now.  It will be interesting to see if Congress will actually do something about this (after all there isn't a lot of lobbying money on this one.)

May 13, 2013 10:14 AM #2
Rainmaker
4,395,155
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The lending industry keeps saying the strings will be loosened and potential buyers will again be able to buy without so many hoops to jump thru, but have not seen this!

May 15, 2013 04:42 AM #3
Rainmaker
53,782
Mary Anne S. Daly
Stearns NMLS #232164 CA BRE #01380812 - Mill Valley, CA
Queen of the Loan & Radio Broadcaster

Joan, You're right, and at the risk of sounding like a broken record: Call your representative is what I say or get your local board of Realtors to let the national leadership know to work on congress members.

May 22, 2013 07:46 AM #4
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Rainmaker
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Mary Anne S. Daly

Queen of the Loan & Radio Broadcaster
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