All Posts Tagged With: "Obama"
100 to 1 — Obama Mortgage Modification Plan Tops Bush
Just about every posting regarding the Obama mortgage modification program says it’s a dud. Those on the left say not enough has been done, those on the right say too many homeowners are washing out of the program. What’s too often left out is any sense of context.
The reality is that the Obama loan modification [...]
Mortgage Rates & The Hutaree
During the past few days nine people in Detroit have been arrested and charged with seditious conspiracy. The allegations are that they are part of the Hutaree, a Christian militia group which believes that the world will soon come to an end, that the government is somehow the enemy and that it’s necessary to kill [...]
1Apr2010 | Peter G. Miller | 0 comments | Continued
Has The Obama Mortgage Modification Program Failed?
The Washington Independent — which tells us that it offers “national news in context” says that:
“President Obama’s mortgage modification program, known as the Home Affordable Modification Program or HAMP, was supposed to be the fulfillment of Obama’s promise to take care of Main Street more than Wall Street. Yet, just over a year into his [...]
Mortgage Modifications: Bush Versus Obama
It’s beginning to look like the government’s efforts to modify troubled home loans is beginning to pay off. As of the end of February more than 170,000 borrowers had obtained permanent mortgage modifications while more than 1 million more under the Making Home Affordable program are involved in trial modifications that could result in better [...]
15Mar2010 | Peter G. Miller | 0 comments | Continued
Administration Increases Help For Distressed Borrowers
Some 200,000 people have applied for help under the Obama Administration’s Home Affordable Refinance Program (HARP), but to date the program has been extremely restricted.
The problem? HARP has both a refinancing plan for those facing foreclosure and a separate modification plan for those who want to refinance but lack equity. Under HARP, you can refinance [...]
Obama Regulatory Reform: Right Idea — Not Far Enough
The President’s new effort at regulatory reform ought to be applauded, at least for the reason that we once-again have a president who believes that regulation is a legitimate government activity. That said, the President’s 89-page regulatory reform proposal falls short because it does address two issues: Getting regulators to regulate and creating a fiduciary [...]
18Jun2009 | Peter G. Miller | 1 comment | 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 lot [...]
Can You Refinance Your Loan Under The Obama Mortgage Relief Plan?
The 2009 Obama foreclosure relief plan has two parts, first there is modification help for those who face foreclosure and, second, there is also a refinancing program for those with loans which are no longer affordable.
Under the details of the plan we can see how the refinancing program works, who qualifies and who does not.
In [...]
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. Between [...]
Who Won’t Be Helped Under The Obama Foreclosure Prevention Plan
The Obama Administration has come out with a new plan to both prevent foreclosures and to help those who are now struggling with home payments.
If you read the documents the Administration has posted to date, you can see that the plan offers real benefits to millions of borrowers and provides for federal cash to back-up [...]
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