the-program

The most misunderstood mortgage

What would you call a mortgage program where more than 86 percent of eligible borrowers think that they do not qualify; only 10 percent of eligible borrowers actually have the program; and, the majority of lenders do not fully understand the program?

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The most misunderstood mortgage

the-program

Obama Mortgage Bailouts Get Boost After Criticism (ABC News)

With the country’s foreclosure crisis worsening, the Obama administration today announced sweeping changes to their embattled $75 billion mortgage modification program in an effort to help struggling keep their homes. The changes come amidst increasing criticism for the program, which has been blasted by Democrats, Republicans, and non-partisan government watchdogs

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Obama Mortgage Bailouts Get Boost After Criticism (ABC News)

the-program

Mortgage Insurers Surge On Obama Modification Plan (Fox News)

Mortgage Insurers Surge On Obama Modification Plan

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Mortgage Insurers Surge On Obama Modification Plan (Fox News)

the-program

California real estate agent specializing in Oak Park homes explains requirements for extended $8000 tax credit (dBusinessNews.com)

Los Angeles - Oak Park, California – The news that the $8000 tax credit program was extended may be a few weeks old, but Carol Lee, a real estate agent in Oak Park California says many would-be buyers still don’t realize that the program was not only extended but expanded to reach more buyers.

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California real estate agent specializing in Oak Park homes explains requirements for extended $8000 tax credit (dBusinessNews.com)

the-program

Federal mortgage help plan falls short (Florida Today)

Just over 31,000 homeowners have received permanent loan modifications since March under the Obama administration’s mortgage relief plan, a number that spotlights some of the program’s failures.

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Federal mortgage help plan falls short (Florida Today)

the-program

Mortgage relief program falls short (The Buffalo News)

WASHINGTON — Just over 31,000 homeowners have received permanent loan modifications since March under the Obama administration’s mortgage relief plan, spotlighting some of the program’s failures.

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Mortgage relief program falls short (The Buffalo News)

the-program

Little long-term gain from mortgage plan (The Cincinnati Enquirer)

Just over 31,000 homeowners have received permanent loan modifications since March under the Obama administration’s mortgage relief plan, spotlighting some of the program’s failures.

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Little long-term gain from mortgage plan (The Cincinnati Enquirer)

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Lawmakers critical of mortgage-relief plan (Richmond Times-Dispatch)

Only one in three homeowners who have signed up for the Obama administration’s mortgage-relief plan have sent back the necessary paperwork, highlighting continuing problems for the government’s effort to stem the foreclosure crisis.The poor results from the mortgage industry drew sharp criticism from House Financial Services Committee members yesterday. Since the program was launched in March …

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Lawmakers critical of mortgage-relief plan (Richmond Times-Dispatch)

the-program

Mortgage pain centred in Port Melbourne (The Age)

Port Melbourne now has the state’s highest rate of mortgage defaults, with 4 per cent of its homebuyers behind in their payments.

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Mortgage pain centred in Port Melbourne (The Age)

the-program

US Treasury: Mortgage Modification Efforts Face Challenges (Nasdaq)

WASHINGTON -(Dow Jones)- A top U.S. Treasury official will acknowledge on Tuesday that while the Obama administration’s effort to prevent mortgage foreclosures is on track to achieve its goals, the program still faces challenges.

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US Treasury: Mortgage Modification Efforts Face Challenges (Nasdaq)

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