All Posts Tagged With: "Obama"
Ready For The 3 Percent Mortgage?
It was in the 1880s that long-term interest rates hit 3.5 percent, something we may soon see with mortgages. Mortgage borrowers are now seeing home loans at not much more than 4 percent for 30-year, fixed-rate mortgages. And, reports HSH.com, 15-year loans are already below 4 percent. The lower rates result in substantially reduced monthly [...]
23Sep2011 | Peter G. Miller | 1 comment | Continued
9/11 — How We’ve Changed In A Decade
Has it been ten years already? Much has changed since the terrorist destruction of the Twin Towers, an awful event which has produced awful consequences. If the attack was designed to reduce the US presence in Muslim states it surely back-fired. A decade later the US continues to have massive military forces in Iraq and [...]
11Sep2011 | Peter G. Miller | 1 comment | Continued
Work & Foreclosures: Losing Jobs Means Losing Homes
Until the past few years foreclosures were rare. In fact, the Mortgage Bankers Association reports that in March 2005 just .44 percent of all loans were in the foreclosure process, a figure which grew almost seven-fold to 4.43 percent as of the third quarter of 2011. For November 2011 the aation saw 224,394 foreclosure filings according to RealtyTrac.com [...]
25Jun2011 | Peter G. Miller | 0 comments | Continued
Obama fed pay plan to swell mortgage foreclosures
The White House plan to halt federal pay increases in 2011 and 2012 is a textbook example of the wrong idea with the wrong marketing plan, one which will unfortunately increase foreclosures nationwide. To start, the White House explains that “because of the irresponsibility of the past decade, the President inherited a $1.3 trillion projected [...]
1Dec2010 | Peter G. Miller | 3 comments | Continued
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 [...]
26Aug2010 | Peter G. Miller | 1 comment | Continued
Bring Back The First-Time Homebuyer Tax Credit
The news from the National Association of Realtors is fairly brutal and speaks for itself: “Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent to a seasonally adjusted annual rate of 3.83 million units in July from a downwardly revised 5.26 million in June, and are 25.5 percent [...]
25Aug2010 | Peter G. Miller | 2 comments | Continued
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 [...]
25Mar2010 | Peter G. Miller | 0 comments | Continued
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 [...]
2Jul2009 | Peter G. Miller | 2 comments | Continued
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