Outlined in this new program is a requirement that home loans must be refinanced if the homeowners owe more than 140 percent of the value of their home.
Entries Tagged as 'home loan'
Obama Proposes Mandatory Refinancing for Underwater Home Loans
February 1st, 2012 · No Comments · Mortgages
Tags: banks·Home Affordable Refinancing Program·home loan·home loans·homeowners·Mortgage·Obama·refinance·Refinancing·underwater
What the New FICO 8 Mortgage Score Means to You
October 28th, 2010 · No Comments · Credit Bureaus and Scores, Mortgages
To help lenders more accurately determine the likelihood of a borrower defaulting on a home loan, the three main credit reporting agencies will be using the new FICO 8 Mortgage Score.
Tags: bad credit·credit·Credit Score·FICO·FICO 8 Mortgage Score·home loan·Mortgage
Top 10 Cities to Buy a New Home
April 19th, 2010 · No Comments · Mortgages
At a time when U.S. mortgage rates are low, but banks are still hesitant to lend, living in one of these 10 cities means you’re ahead of the curve.
Tags: FICO score·Forbes·home loan·Kansas City·Mortgage Loans·mortgage rates
FAQs on the “Making Homes Affordable” Refinancing Initiative
March 16th, 2009 · 2 Comments · Mortgages, Real Estate
Are you one of the many Americans becoming overwhelmed by all the economic reform proposals, stimulus packages, and initiatives for this, that and the other thing? Join the club! Recently, the Obama administration announced formal details regarding one of the latest initiatives, the “Making Home Affordable Program”, designed to assist an estimated nine million families [...]
Tags: home loan·Loan Modification Program·Making Homes Affordable Program·Mortgage Delinquency·mortgage refinancing·Mortgage Relief·Mortgages
