Category Archives: Mortgage

Obama proposes $5-10 billion for home refinancing

By doris | Published: February 2, 2012

Full Story at NBCPoliticsmsnbc.msn.com President Barack Obama on Wednesday called on Congress to approve a $5 billion to $10 billion effort to help U.S. homeowners refinance as part of a wider package of proposals to shore up the depressed housing market. Obama had sketched out the proposals in his State of the Union address last [...]

Also posted in Family, Government, Money, Presidental | Leave a comment

First Thoughts: Is the economy picking up steam?

By doris | Published: October 29, 2011

Full Story at FirstRead.msnbc.msn.com *** Is the economy picking up some steam? The most significant political story over the past few months — at least as it relates to 2012 — hasn’t been the latest developments in the GOP presidential field, or President Obama’s barnstorming through the country, or even the Occupy Wall Street protests [...]

Also posted in Economy, Family, Government, Manufacturing, Presidental | Leave a comment

Whose house is being saved by Obama?

By doris | Published: February 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — More than half a million Americans have received permanent mortgage modifications from the Obama administration’s flagship foreclosure prevention program, the Home Affordable Modification Program. So who are these homeowners? To begin with, the reason they are falling behind on their mortgages isn’t because their loans are unaffordable, [...]

Also posted in American, Economy, Government, Money | Leave a comment

Administration unveils details of housing plan

By doris | Published: March 5, 2009

Full Story At msnbc.com NEW YORK – The Obama administration kicked off a new program Wednesday that’s designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. Borrowers, however, are being advised to be patient in their efforts to get help [...]

Also posted in Economy, Government, Money, U.S.A. | Leave a comment