Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » Obama To Push Help For Mortgage Refinancing

Obama To Push Help For Mortgage Refinancing


Seeking to circumvent congressional opposition, President Obama will promote a series of executive branch steps aimed at jumpstarting the economy this week, beginning with new rules to make it easier for homeowners to refinance their mortgages. The White House said changes to the two-year-old Home Affordable Refinance Program will help homeowners with little or no equity in their houses refinance by cutting the cost of doing so and removing caps to give deeply underwater borrowers access to the program. The new rules apply to homeowners with federally guaranteed mortgages who are current on their payments. Obama will discuss the initiative during a meeting with homeowners Monday in Las Vegas, a city hard hit by foreclosures and sagging home prices. One in every 118 homes in the state of Nevada received a foreclosure filing in September, according to the foreclosure listing firm RealtyTrac. With the president’s jobs bill struggling in Congress, the White House is refocusing its efforts on steps Obama can take to address the nation’s economic woes without getting lawmakers’ approval. In addition to the refinancing program, the White House said Obama will also announce executive action later this week to help students better manage their student loan payments. The new push comes with a fresh catchphrase as the White House tries to push Republicans into action: “We can’t wait.” It’s Obama’s latest in a string of slogans aimed at blaming GOP lawmakers for lack of action on the

RELATED POSTS:

  1. House Foreclosure: Failed Obama Mortgage Help! 2nd round of Economic Collapse Mind Empowerment Site: www.aemind.com We just got a letter in the mail in regards to the Obama Home Help.....

  2. Best Mortgage Foreclosure Help Basics Mortgage foreclosure help for more American homeowners is on its way, in addition to the Obama Administration’s Making Home Affordable...

  3. An All-New Home Foreclosure Help For Troubled Mortgage Borrowers   The US Government has rolled out another home foreclosure help program for troubled home loan borrowers. This new initiative...

  4. Why does the Obama Party seem to brag about paying less Taxes & going deeper in debt, do they like insolvency? At the rate Obama is spending we will soon be paying a Trillion Dollars a year in interest on the...

  5. How can I take advantage of the HARP program if my mortgage is not owned by FANNIE MAE? My house is underwater. I can afford my payment, but it sure would help if I could refinance to a...

Written by

Filed under: Mortgage Refinancing · Tags: , , , ,

2 Responses to "Obama To Push Help For Mortgage Refinancing"

  1. EMPIRE0FLIES says:
    More of the peoples money thrown to the banksters. Isnt that special.
  2. como651 says:
    I’m kicking my self now. Why didn’t I buy that $350K home with the granite counter tops. Instead I was responsible and bought the affordable home in the hood thinking that way I wouldn’t have to worry about getting behind on the payments. If I knew Obama was going to rescue me I could have got the big house in the suburbs. It does not pay to be responsible anymore. I never qualify for any of the government handouts.

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player