Tara Siegel Bernard is a personal finance reporter, and has previously written on the Obama administration’s housing plan, offered advice on how to qualify for a mortgage backed by the Federal Housing Administration, and answered readers’ questions on the tax breaks and benefits for individuals in the economic stimulus package.
Since details of President Obama’s housing plan won’t roll out until March 4, we thought we’d review what we know so far about qualifying for a refinance loan under Obama’s plan. To qualify, you must: Owe between 80-105% of your mortgage.An analysis of Zillow Q4 Real Estate Market Reports shows that 26% of mortgage holders, or 14.8 million homeowners, currently qualify to refinance.
Because of these problems, the President Barack Obama has presented the housing and homeowner stimulus plan as the fix all for Americans who are close to losing their homes. The Making Home Affordable plan was announced in February 2009 and has been running with very questionable results since then.
Obama announced his action plan to revive the housing industry. The focus is to assist current home owners with there current mortgage, whether it is a refinance or loan modification. Also.
Brancucci Joins The Mortgage Harmony Advisory Brancucci Joins The Mortgage harmony advisory identifying retirement income opportunities – Have you ever felt that for just one moment in time your portfolio was operating in perfect harmony with the markets, only to have the rug pulled out from underneath you?
Obama’s biggest challenge was to create enough of a stimulus to soften the recession, but not big enough to raise further doubts about the ballooning U.S. debt. Unfortunately, the plan was blamed for doing both. It failed to initially reduce unemployment below 9% and added to the debt.
HARP Refinance Is "Not A Scam", Says Government. Sometimes called the "Obama Refi", the HARP program was launched in 2009 as part of that year’s economic stimulus program.
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How The Obama Mortgage Plan Works President Barack Obama says up to 9 million struggling homeowners could get help from the housing rescue plan he outlined. The plan commits $275 billion in.
Almost a year since the credit crisis exploded and 14 months into one of the worst recessions of the postwar era, there’s finally a government plan aimed at the root of the problem: housing. bank.
– PRLog — President Obama’s housing stimulus plan is designed to help distressed homeowners faced with financial hardships. This could enable house makers to save their homes from a possible foreclosure and save a lot of money if qualified for a federal home loan modification.