Obama Loan Modification Plan

Details released by the Obama administration last week about its loan modification initiative, the Home Affordable program, contains FHA loan guidelines for incentive payments in FHA’s HOPE for Homeowners refinance program, but the payments won’t be possible without further legislation.
The Home Affordable loan modification program maintains a specific criteria so it is imperative to [...]

Obama Finds Roots Of Housing Crisis

The Obama administration launched a housing rescue plan a few days ago that’s designed to address the problems at the root of the recession. It includes providing incentives to financial institutions that extend loan workouts or refinance loans. Many experts working on the front lines of the foreclosure crisis are hopeful that it can make a difference.

The [...]

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