The “Making Homes Affordable” Program introduced by the Obama administration is not limited to Fannie and Freddie Mac loans, also known as conventional or conforming loans . There are actually two sets of loan programs under the Making Homes Affordable (MHA) program. One program is called Home Affordable Refinance, and is for conforming loans on [...]
Entries Tagged as 'Loans'
Restructuring Mortgage Programs For Underwater, Subprime and Jumbo Loans
May 28th, 2009 · 2 Comments · Mortgages
Tags: conforming·Fannie Mae·Freddie Mac·loan restructuring·Loans·Making Homes Affordable·Mortgage·Refinancing
When Debt Consolidation Doesn’t Pay
February 9th, 2009 · No Comments · Consumer Debt, Student Loans
If you owe a good bit of money, you’re probably wondering whether or not you should consider getting a debt consolidation loan. In many situations, taking out a consolidation loan is the best way to make progress toward reducing your debt. However, there are several circumstances under which debt consolidation isn’t a wise choice. Two [...]
Tags: debt consolidation·Doesn't Pay·Federal Student Loans·Interest Rates·Loans·Medical Bills
Debit Cards for 401(k) Plans – Can You Say “Bad Idea”?
July 25th, 2008 · 1 Comment · Debit Cards, Investing
Do you know why fast food is so popular despite the fact that we all know it’s (a) bad for you (b) is high in calories and (c) has low nutritional value? Mostly because it’s convenient (and ok, sometimes it tastes good) and cheap. Here comes the fast food equivalent in loans, the 401(k) debit [...]
Tags: 401(k) Plans·Bad Idea·Debt Cards·Early Withdrawl·Investment·Loans·Retirement
Overdue Consumer Debts Highest Since 1992, ABA Says
April 3rd, 2008 · No Comments · Consumer Debt
Overdue Consumer Debts Highest Since 1992, ABA Says (Update2) By Hugh Son April 3 (Bloomberg) — Consumers fell behind on car, credit-card and home-equity loans at the highest level in 15 years, another sign the U.S. economy is slowing, according to the American Bankers Association’s quarterly survey. Payments at least 30 days past due increased [...]
Tags: Car Loans·consumers·Credit card debt·Home Equity Loans·Late Pays·Loans
