All Posts Tagged With: "Bush"
Minority Mortgage Housing Goals — What’s The Truth?
I was at a dinner event in Washington recently and the speaker told the assembled rich and powerful that President Clinton had weakened the lending system by increasing minority financing goals to more than 50 percent. The implication was that a big part of the current mortgage meltdown is a by-product of federal efforts expand [...]
15Jun2009 | Peter G. Miller | 0 comments | Continued
500,000+ Grab First-Time Homebuyer Credit
More than 500,000 buyers have used the first-time homebuyer credit to purchase a home. Amazingly enough, more than 38,000 buyers have already claimed the write-off but do not qualify. Why? In most cases because they owned a home during the past three years. Figures from the Treasury Inspector General for Tax Administration show that a [...]
24Apr2009 | Peter G. Miller | 1 comment | Continued
Facing Foreclosure? How The Obama Plan Can Help
It was in February that the Obama Administration first announced it would create a mortgage relief program for millions of distressed borrowers. The details of the plan are now out, so it’s possible to see who can be helped — and who can’t. To start, we’re talking about help from Fannie Mae and Freddie Mac. [...]
8Mar2009 | Peter G. Miller | 1 comment | Continued
Is The Public Really “Confused” About FHASecure Mortgages?
HUD was supposed to help borrowers with toxic loans. After all, President Bush said the FHASecure program “will allow American homeowners who have got good credit history but cannot afford their current payments to refinance into FHA-insured mortgages.” HUD, however, has redefined the mission. It now says that its FHASecure information has been “modified to [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Is The Public Really “Confused” About FHASecure Mortgages?
HUD was supposed to help borrowers with toxic loans. After all, President Bush said the FHASecure program “will allow American homeowners who have got good credit history but cannot afford their current payments to refinance into FHA-insured mortgages.” HUD, however, has redefined the mission. It now says that its FHASecure information has been “modified to [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
© Copyright 