Senator unveils plan to refi 8 million underwater borrowers You are not currently eligible to refinance under any of the programs specifically designed for underwater borrowers. However, you may be eligible for a loan modification or another program.
Nineteen members of the House of Representatives sent a letter today to President Obama and leaders of both parties in the House and Senate urging the expansion of assistance to homeowners, some 10.8.
Senator unveils plan to refi 8 million underwater borrowers Under the proposal, borrowers with standard non-GSE, non-FHA loans will have access to refinancing through a new program run through the FHA. For these responsible borrowers, there will be no more barriers and no more excuses.
Senator unveils plan to refi 8 million underwater borrowers The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury has released the March edition of the Obama Administration’s Housing Scorecard. efforts to ramp up.
Congress Could Help ‘Quantitative Easing’ Reach Main Street. plan to help up to 8 million underwater borrowers refinance their homes into government-backed loans. The plan would leverage.
Clear Capital home prices end up 4.1% lower in 2010, more declines ahead It’s the first such increase since the homebuyer tax credit expired in mid-2010, and that reading includes distressed sales. read More Home Prices Have Officially Double-Dipped: Clear Capital
He put his pen to a presidential memorandum that he said could help an additional 5 million borrowers. Senate is expected to debate the legislation next week, but it faces significant opposition.
AIG plans to take mortgage insurer United Guaranty public In a statement, the American insurer said that it would cut .6 billion of costs and return at least $25 billion to shareholders over the next two years. AIG will also sell up to 19.9 percent of its.
More than three million. cash-out refi loans-to have a major effect on the overall economy," noted Sharga. Markets with the highest percentage of underwater borrowers include las vegas (48.4.
Wells Fargo posts $5.8 billion in net income A stable housing market and fewer bad loans helped lift Wells Fargo’s quarterly profit by nearly 4 percent. The country’s largest mortgage lender said Friday that net income rose to $5.7 billion.
The "Merkley Mortgage" would do what many hoped HARP 3.0 would accomplish. So far, no revisions to the HARP program have been implemented since HARP 2.0 in March 2012, except for extending it to 2015. HARP has helped over 2.8 million underwater homeowners refinance into lower rates since its debut in 2009. But it has fallen short of.
Senators press Obama for swifter REO strategy American Government final. Attorney General, US Attorney for AL under Reagan, nominated for US District Court but rejected, AL Attorney General in 1994, US Senate in 1996, possible ties to the.
A separate plan, the Home Affordable Refinance Program, which allows borrowers with loans backed by Fannie Mae and Freddie Mac to refinance at lower rates, has helped about 1 million homeowners.
Nearly 23 percent of borrowers are underwater on their loans, virtually unchanged from 2009, according to real estate data firm corelogic. obama didn’t deliver on his vow that day to avert as many as.
CoreLogic to add 500 jobs in North Texas Whom does the American add? The league has done a nice job of marketing itself as the sixth member of. Georgia State), smaller programs with a recent history of success (Troy, UAB, North Texas) or.