Obama Makes Renewed Push for Lower Rates on Refinancing. President Obama is expected to renew his push for a broader refinancing program in his State of the Union address.. we could see some.
Freddie Mac: Mortgage rates once again drop to new yearly lows Sean Becketti, chief economist of Freddie Mac, "In a short week following Presidents Day, the 10-year Treasury yield fell about 8 basis points. However, the 30-year mortgage rate rose 1 basis point to.
The White House has said there is increasing pressure for Congress to act now that mortgage rates have started to increase, which would reduce the savings generated by refinancing. If Obama’s nominee.
In early 2009, the Obama administration announced a program called Making Home Affordable. This program, also called the Obama Mortgage, is expected to help nine million homeowners keep their homes and avoid foreclosure through refinancing and modified loans designed to lower monthly mortgage payments.
Foreclosure delays beginning to wear off: RealtyTrac "Foreclosures were in full delay mode in 2011, resulting in a dramatic drop in foreclosure activity for the year," said Brandon Moore, chief executive officer of RealtyTrac.. have started about 5.5 million mortgage modifications since April. Nevada, where one out of every 16 households received some kind.
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As part of the administration’s push to revive the U.S. economy and create jobs, President Barack Obama. mortgage market, the administration has been urging their regulator, the Federal Housing.
The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong April 12 2011: Bill Gross: Master of Monetary Psy-Ops. Tweet.. to ensure that there won’t be a need for governments to exercise the implicit guarantee that they would again bail out the financial system in a future crisis.. Baker is not a social scientist and he is flat out wrong about class.
The New Obama Refinance Plan.. One of the key elements of the new underwater mortgage refinancing plan is that it will be available on most types of mortgages, as long as they don’t exceed funding limits (see below). That’s a major difference from HARP, the administration’s current underwater.
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Obama’s NEW Mortgage Program Posted on February 1, 2012 by Anthony Bird – Home Affordable Refinance Program , Local Michigan , Refinance During his State of the Union address, President Barack Obama announced a new refinance program, which would help "responsible" borrowers finding themselves in "underwater" situations to refinance.
Obama touts mortgage relief in swing state Nevada – The couple was able to refinance thanks to a program pushed by the president last year for people who are “underwater” on their homes. Obama is pushing Congress to smooth the way for more people to.