The Obama Administration’s program to rescue distressed home owners got off the ground this week. The program was announced on Feb. 18, but it took several weeks to put the bureaucracy in place.
to read the full article click on Post Title or copy and paste http://tinyurl.com/cd8yud
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Pres. Obama’s new program has rolled out and you may be eligible even if you are underwater, or upside down, in your current mortgage
for more info click on title of this blog post, or go to http://www.makinghomeaffordable.gov/
The share of home owners with mortgages who are paying them on time fell below 90 percent to 89.95 percent at the end of 2008, according to a study released Friday by the Office of the Comptroller of the Currency and the Office of Thrift Supervision.
read all about it by clicking post title ^
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Almost everybody shares some blame for the subprime mortgage crisis – investors, banks, homebuyers, etc. – but a new study by the nonprofit Center for Responsible Lending focuses on mortgage brokers, claiming they regularly placed borrowers with weak credit into higher-cost loans.
with 5% of mortgages in or in danger of foreclosure, that means 95% of of mortgage holders are making payments on time. Sure could be alot worse than it sounds by all the MSM hype
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