Blog Detail
Less Mortgage Blog
http://www.lesgage.com/
The most comprehensive information about federal rescue plan for troubled homeowners as a part of a bailout package. All about loan modifications and the ways to save your home from foreclosure.
- Added on: Nov 9th, 2008
- Country: United States
- Language: English
- Author: Vladimir
- Listed in: Real Estate Personal
- Tags: mortgage loan refinance foreclosure bailout modification
Recent Posts
Paulson vs. Top Lawmakers
Today, top U.S. lawmakers put Treasury Secretary Henry Paulson under pressure in order to allow usage of bailout money to save 1.5 million houses from foreclosures. Unfortunately for them, Paulson still thinks, that no matter what program will be ac...
To pay or not to pay?
Many homeowners are facing a tough decisions now. With housing prices dramatically declining here and there, many homeowners are stuck with upside down mortgage - they owe more then their house worth today. Add to this lenders constantly raising rat...
FDIC comes out with a new proposal
Today, FDIC chairwomen Sheila Bair unveiled new plan on loan modifications for troubled homeowners. In short, the details are: Mortgage payment for delinquent borrowers would be reduced to 31% of gross monthly income To get here interest rates will...
OMG! U.S. Changes plans on how to use $700 billion
Today U.S. Treasury Secretary Henry Paulson told a news conference that asset purchases (bad mortgages) were not the most effective use of the funds. They appeared to be a month ago, but not now. Instead of that, these funds should be used to stabil...
Official Countrywide Relief Program
Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers Nearly 400,000 Countrywide Borrowers Could Benefit After Program Launches December 1 CALABASAS, CA - Bank of America today announced the cr...
Citigroup starts doing loan modifications
If your house financed through Citigroup, you may be eligible for loan modification. Citigroup announced that they will be doing loan modifications of various types of mortgages lowering interest rates and modifying balances. Especially this relates...
