On the heels of Bank of America’s pledge to forgive mortgage principal for people with adjustable rate mortgages, the government has announced a more comprehensive plan to help many American who are struggling with their mortgage payments. I have to say that the Making Homes Affordable Program HAMP was a complete failure. Only 170,000 homeowners [...]
Entries Tagged as 'homeowners'
Government Mortgage Assistance Plan Announced
March 26th, 2010 · No Comments · Mortgages
Tags: FHA·homeowners·HUD·Making Homes Affordable Program·mortgage assistance·mortgage qualification·Mortgages·refinance·second mortgages·unemployed
Foreclosures Suspended by Citibank until Jan 2010
December 21st, 2009 · No Comments · Mortgages
Merry Christmas? According to the Boston Globe, Citigroup will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season. The suspension will run through Jan. 17. You better read the fine print, though. The suspension only applies to borrowers whose loans are owned by Citi. Borrowers [...]
Tags: Citibank·Foreclosures·homeowners·job loss·Making Homes Affordable Program·mortgage holders·Mortgages·suspension·underwater
Going Green Now Affordable Choice for Residents of Babylon, New York
August 20th, 2009 · No Comments · Budgeting, Consumer Info
Most people are motivated to go green either through their desire to save money or by concern for the environment, but are put off by the high initial costs of materials and installation. In Babylon, N.Y (the name is interesting, isn’t it?), local town supervisors have figured out a way to make going green an [...]
Tags: audits·Babylon·conservation·enery waste·Green Energy·homeowners·insulation·Loans·NY·solar panels·weatherstripping
