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 'refinance'
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
In Current Mortgage Market, Previewing Your Credit Report Critical
December 28th, 2010 · No Comments · Credit Reports
Finally feel like you’re credit-worthy enough to purchase a home? Found that gem of a good deal after months of looking? Are mortgage refinance so low you feel you need to take advantage? Even if you think your credit is golden, you might want to scour that credit report again. As much a $10 unpaid [...]
Tags: credit bureau·Credit Repair·credit report·home purchase·lender·Mortgage·refinance
Government Mortgage Assistance Plan Announced
March 26th, 2010 · No Comments · Mortgages
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 [...]
Tags: FHA·homeowners·HUD·Making Homes Affordable Program·mortgage assistance·mortgage qualification·Mortgages·refinance·second mortgages·unemployed
Is It Illegal if My Bank Won’t do a Loan Modification?
October 14th, 2009 · 3 Comments · Mortgages
Q. I am having great difficultly getting a loan modification on my mortgage. I am 100% confident that I meet the criteria for the loan modification program. After initially agreeing to do the modification, they now say I don’t meet the requirements and stopped taking my calls. Can I sue? My story: I followed the [...]
Tags: appraisal·assessor's office·building inspection·Fannie Mae·Freddie Mac·illegal·loan modification·Making Homes Affordable Program·mortgage modification·refinance
