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An outline of the Homeowner Affordability and Stability Plan that is being proposed by the Obama Camp to help fight foreclosures
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Obama’s Housing Plan to Hold Off Foreclosures
By Jason, Feb 22 in Blog, Mortgage News with 2 commentsObama’s Housing Plan does much to help current homeowners that are upside down in their mortgage, but has some inherent flaws that are not addressed. These same flaws are key players that led us to where we are today… TAXES and
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The American Recovery and Reinvestment Act – President Obama
By Jason, Feb 21 in Blog, Mortgage News with 0 commentsComparing the the first-time home buyers tax credits according to the new stimulus package
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Stimulus Package Approved But No 4% Mortgage Loans… Just $8000
By Jason, Feb 17 in Blog, Mortgage News with 0 commentsObama signed the $787 Billion Stimulus Package today… no 4% mortgage loan interest rates, but there is an $8,000 tax credit for first-time home buyers that buy between January 1 and December 1,
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Lake County, Florida sets a new record for mortgage foreclosures, but it is not all doom and gloom. One must always look at the silver lining to see that this a golden opportunity in today’s market
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Hope Floats Till the Government Gets Involved
By Jason, Feb 01 in Blog, Mortgage News with 1 commentHUD’s FHA Hope For Homeowners may not really be all that hopeful for homeowners. Shared equity could cost homeowners more than they were originally willing to pay. Banks continue to have hope of future gains from current losses
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One lender takes it to the extreme and strips down to its underwear in its attempt to lighten the load and minimize its exposure
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Sub-Prime Mortgage Stupidity and the Current Housing Problem
By Marc, Oct 11 in Blog, Mortgage News with 0 commentsA friend of mine – Chris Griffith from Life in Bonita Springs – pointed this video out to me late yesterday. It’s a piece from 60 Minutes that goes into detail about the recent housing crisis and the titanic stupidity of the sub-prime mortgage situation that caused it all. It really is an eye-opener. As a country,