Bankruptcy Judges May Soon Modify Mortgages
President Barack Obama announced last week a new $75 billion housing bill that will bail out some of the people that are suffering the most from the housing crisis.
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That is the Mortgage Foundation difference.
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Archive for the 'Housing Market' Category (Chronologically Listed)
Lenders Reluctant to Foreclose
Bank of America announced today that they would be extending their moratorium on foreclosures until the details of President Obama’s Homeowner Affordability and Stability Plan have been released.
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What to Expect from the $789 Billion Economic Stimulus Package
With all of the changes we have seen from Congress with the economic stimulus package what should you be expecting now that it’s on the way to President Obama for his signature?
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Mortgage Applications Fall to 8 Year Low
According to research released by the Mortgage Bankers Association yesterday mortgage applications fell 25% last week.
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Posted by Ryan Fiore on Feb 12 2009 under Housing Market, Mortgage Applications
President Obama’s Administration Working on Plan For Loan Modifications
President Barrack Obama’s administration plans on unveiling their housing plan within the next week that will use government money to reduce interest rates for struggling borrowers.
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Congress Passes the Now $789 Billion Stimulus Bill
After a very long debate Congress finally announced today that they have reached an agreement on the now lowered $789 billion economic stimulus bill.
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Governor Elizabeth Duke Speaks About Stabilizing the Housing Market
Governor Elizabeth A. Duke, a member of the Board of Governors for the Federal Reserve, gave a speech today in New York on the steps needed to stabilize the housing market.
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Posted by Ryan Fiore on Feb 11 2009 under Federal Reserve, Housing Market
Senate Passes $838 Billion Economic Stimulus Package
The Senate finally passed it’s now $838 billion economic stimulus package today with a 61 to 37 vote with only 3 Republicans voting for it.
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Treasury Secretary Timothy Geithner Introduces Financial Stability Plan
The press release today by Timothy Geithner, the Treasury Secretary for the Obama administration, announced a plan to help restart the flow of credit, clean up and strengthen our banks, and provide critical aid for homeowners and small businesses.
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Trying to Find the Best Loan Modification to Prevent Re-Default
According to an article released by Fitch Ratings this morning many U.S. loan servicers are expanding their loan modification programs to include principal reductions to avoid high re-default rates and to provide delinquent borrowers with an incentive to stay current on the new modified mortgage.
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