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 [...]

Is Nationalizing Banks and Mortgage Companies Risky?

Each new term we add to the lexicon of financial disaster is a scary next step into the unknown. Last fall, there was the bank bailout, then the Detroit bailout. Next came the stimulus plan and last week moved from federal loan modification plans to more negative foreclosure news and now the great mortgage bailout.  [...]

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