Want to get rid of your Toxic Loan
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hiThank you for following us ( Facebook @ Hope for HomeOwners group ) with all information about President Obama’s Homeowner Affordability and Stability Plan.
• One important detail to remember is that not all borrowers are eligible for a loan modification (also called a “restructure”) or refinance offered by the plan.
• Today, most of the [...]
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If you are thinking about Buying or Refinancing this might be your last exit before the toll.
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hiYesterday, the Federal Reserve did another of their surprising moves announcing that they would purchase up to $300 billion of long-term U.S. Treasury securities and up to $750 billion of mortgage-backed securities in the next few months as an additional measure to resuscitate the sagging economy.
Certainly, the markets reacted as expected and the rate on [...]
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What is my Debt to Income Ratio and how do I qualify for a Loan Modification ?
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hiToday, March 5 2009, every single news source announced or commented on Obama’s housing-rescue plan that would help as many as one in nine struggling homeowners to avoid foreclosure specially for those who owe more than their homes are worth.
This new program introduces a consistent set of rules that mortgage services can voluntarily use to [...]
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“What are mortgage interest rates based on?”
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hi “What are mortgage interest rates based on?”
The ONLY correct answer is Mortgage Backed Securities or Mortgage Bonds, NO longer the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposite directions. DO NOT work with a [...]
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New HOPE Initiatives Aimed To Help Homeowners
Related Posts: Foreclosures, Mortgage News, Real Estate News
hiOn Nov. 11, the HOPE NOW Alliance, Fannie Mae, Freddie Mac, the Federal Housing Finance Agency and HUD announced the Streamlined Modification Program.
The new program introduces a consistent set of rules mortgage servicers can voluntarily use to more easily modify loans for at-risk customers in whatever combination needed to make their mortgage loans affordable.
To qualify [...]
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Free $50 Starbucks Card – PLEASE READ AND FORWARD !!!!
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hiApparently Hope for Homeowners is for real and many lenders have voluntarily registered for this program, to help families in difficult financial times.
FHA and many other institutions have posted great information on their web sites about requisites and guidelines to qualify for this program, however I have not yet met the first Homeowner that has successfully refinanced [...]
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HOPE for Homeowners Program to be Available for Distressed Homeowners Soon !!! What do you think about their proposed Equity Sharing Rule ?
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hiThe President has signed into law legislation that will allow HUD’s Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA’s existing and successful efforts to provide aid to struggling families trapped in mortgages they currently cannot afford. Under the program, certain borrowers facing difficulty [...]
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Who is responsible for the current mortgage/real estate crisis?
Related Posts: Foreclosures, Mortgage News, Real Estate News
hiThis questions was posted today at LinkedIn for debate and I thought it would be really interesting to share with all of you and get you feedback by commenting on this blog.
Who is responsible for the current mortgage/real estate crisis?
A couple wishes to buy a home. Their income is approximately $125,000 per year.
Average home prices [...]
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Are we there yet ?
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hiForeclosure,declining prices,short sales,shortsales,mortgages,fha,lower rates,interest rates,florida
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Can a short sale negatively affect a sellers credit?
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hiA short sale only happens when you are already in financial trouble. That means your credit has already been affected, but a short sale or a foreclosure will determine how much more damage is going to be done.
Before a lender will discuss a short sale with a mortgage holder, typically,they must first miss at [...]
