The foreclosure crisis played havoc with real estate markets across the nation, yet some markets were clearly worse hit than others. Now, those areas that suffered the most are leading the nation in refinancings as homeowners look to reduced their monthly mortgage payements and hold onto their homes.
The Responsible Homeowners Refinancing Act of 2012 Pushes for HARP 3.0
May 11, 2012 by
It’s not the HARP 3.0 rumored to be in the pipeline, but the Responsible Homeowners Refinancing Act of 2012 would boost HARP 2.0 and provide additional refinance relief for households struggling to make the mortgage payment.
Time To Call In The IRS To Stop The Foreclosure Crisis
April 13, 2012 by
The government’s attempts to “fix” housing, and stop the foreclosure crisis via various programs have failed miserably. We’ve seen a 7 trillion dollar loss in the value of the U.S. housing market, and trillions more spent for bank bailouts, yet home sales are down and foreclosures continue at record levels.
Obama Housing Rescue: Not Enough Life Jackets to Go Around
April 13, 2012 by
When government decides to dive into the water and rescue drowning homeowners, little thought is given to how so-called “bold” rescue plans will impact those who won’t be offered their very own bailout package. For instance, the Obama administration is bent on rescuing a core constituency: vulnerable, middle-class homeowners.
Fannie And Freddie Principal Reductions: Election Year Wrangling?
April 11, 2012 by
FHFA Regulator, Edward DeMarco, charged with oversight of mortgage giants Fannie Mae and Freddie Mac, is under heavy pressure from the Obama administration and Democrats in congress to allow reductions of mortgage principal for qualified borrowers.
HARP 2.0 Explained
February 26, 2012 by
The government has recently announced the extension of its Home Affordable Refinance Program, and at the same time relaxed eligibility requirements in order to make the program more accessible to those who need it most.
