Posts Tagged ‘obama’
Obamas planQuarter in U.S. Foreclosure Plan Late on Payments
Friday, December 11th, 2009
http://www.reuters.com/article/idUSTRE5B41ME20091205
More than one-quarter of homeowners receiving help under a U.S. government foreclosure prevention plan are behind on their new mortgage payments, a Treasury Department survey has found.
U.S. | Housing Market
Some 650,000 borrowers are participating in the trial phase of the Obama administration’s Home Affordable Modification Program, a $75 billion taxpayer-financed program launched this year.
Most home loan modifications result in lower monthly payments, although some lead to reduced principal on mortgages.
Trial modifications were initially for three months, but the Treasury added 60 days, effectively making them last five months.
Homeowners must submit more detailed documentation before they can have their loan modifications made permanent.
A Treasury Department survey of large mortgage servicers found “over 73 percent of borrowers are current in their trial plan payments,” Assistant Treasury Secretary Herbert Allison told a congressional oversight panel.
That leaves about 27 percent who are delinquent on the payments.
Allison provided written answers to questions raised at an October hearing before the Congressional Oversight Panel, which monitors the government’s foreclosure prevention plan and other financial rescue efforts.
Duration : 0:2:34
How to Keep Your Home and Avoid Foreclosure
Saturday, December 5th, 2009
Obama Plan May Cut Mortgage Payments for Nearly Five Million Families By Next Year
Families fighting to avoid foreclosure or simply save money on their mortgage payments have a new ally: “Making Home Affordable.”
“Making Home Affordable” is the Obama Administration’s plan for offering aggressive refinancing and loan workout options to a wide range of America’s borrowers. This new effort is being implemented nationwide by Freddie Mac and others and is expected to help millions of borrowers refinance or modify their mortgages, avoid foreclosure, and stimulate the economy.
In this video, Ingrid Beckles, Senior Vice President, Freddie Mac, explains how borrowers can determine their eligibility for “Making Home Affordable” and use the President’s plan to refinance their current loan, or if they’re already behind on their loan or facing a financial hardship, get a modification that makes their loan more affordable. Ms. Beckles also helps homeowners in distress spot con artists and avoid their scams.
You can find out more about “Making Home Affordable” by going to www.MakingHomeAffordable.gov. To explore all of your options, you should contact your servicer as soon as you start experiencing problems paying your mortgage.
Produced for Freddie Mac
Duration : 0:1:12
Mortgage Fraud and the Ultimate NO BID CONTRACT
Wednesday, November 18th, 2009
Homeowner Stability Act– help for homeowners or just another Government scam? The Making Home Affordable program will offer assistance to as many as 7 to 9 million homeowners making a good-faith effort to make their mortgage payments, while attempting to prevent the destructive impact of the housing crisis on families and communities. It will not provide money to speculators, and it will target support to the working homeowners who have made every possible effort to stay current on their mortgage payments. Just as the American Recovery and Reinvestment Act works to save or create several million new jobs and the Financial Stability Plan works to get credit flowing, the Making Home Affordable program will support a recovery in the housing market and ensure that these workers can continue paying off their mortgages. By supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac, providing up to 4 to 5 million homeowners with new access to refinancing and creating a comprehensive stability initiative to offer reduced monthly payments for up to 3 to 4 million at-risk homeowners, this plan brings together the government, lenders, loan servicers, investors and borrowers to share responsibility towards ensuring working Americans can afford to stay in their homes.
US Treasury- Do I qualify for a mortgage abatement, reduction, rewrite, modification Mortgage Debt Relief Act forgiveness relief mortgage backed securities ron paul alex jones peter schiff george soros burning down the house real estate rick santelli we the people campaign for liberty bailout scam fraud ponzi madoff congress senate dems republicans democrats depression recession
http://www.mutualfundcenter.com
http://www.atlanticfinancial.com
http://www.fentonreport.com/2004/08/16/health-living/scam-artists/72
http://www.fentonreport.com/2004/08/23/trends/the-internet-is-dead-%c2%a0%c2%a0-i-don%e2%80%99t-think-so/73
http://www.fentonreport.com/2004/08/30/economy/who-is-alan-greenspan/74
Duration : 0:1:55
Mortgage Help Tax Help Nationwide
Monday, November 16th, 2009
Mortgage Help Tax Help Nationwide Give me a call if you need a new loan,refinance,restructure,etc. Carlyle Joseph,
Take advantage of the Nationwide Stimulus!!
[718]-675-1234 [718]374-5164ext2 http://number1loanteam.com/
Licensed loan originator :Sylvia Green
Duration : 0:0:52
PETITION FOR MORTGAGE MORATORIUM PART II
Saturday, November 14th, 2009
The case for needing a mortgage rescue program for homeowners who are ineligible for existing mortgage rescue programs because they cannot meet the income or home value qualifications. Currently 1 in 5 homeowners have an “underwater” mortgage meaning that their home value is less than the loans against it. 1 in 10 homeowners are at least one month behind on their mortgages or already in some stage of foreclosure. By June of 2008, more than ONE MILLION homes in the U.S. were in foreclosure and in the Third Quarter the foreclosure filings doubled over the same period the previous year. More than 10,000,000 Americans are unemployed and this number is rising. Many self-employed individuals have likewise suffered significant business losses on account of the recession. Current mortage rescue packages require the homeowner to qualify financially. Those who have become unemployed or suffered a drop in self-employment income will not likely be able to meet the income qualifications. Existing mortgage rescue programs also require that homeowners are at least 60 days delinquent on their mortgage payments. Many homeowners who are not yet behind on their mortgage loans, but are likely to fall behind due to recent loss of employment or drop in family income, could be spared the significant damage to their credit ratings that reports of mortgage lates result in. A rescue program offering early intervention is needed to help preserve the credit ratings of these homeowners so they do not face additional hardships because of credit denials or high cost of credit due to unavoidable temporary financial hardship. We are petitioning the Congress to immediately enact emergency mortgage rescue legislation to serve these homeowners who have been shut out of other solutions. Find out more at: http://www.mortgagemoratorium.com
Sign the petition at http://www.rallycongress.com/mortgage-moratorium.
Take it viral.
Help get it into the Guinness Book of World Records for most signatures on a petition to the U.S. Congress ever.
THIS IS PART II OF 2 VIDEOS. PLEASE PLAY PART I BEFORE VIEWING PART II OF THIS PRESENTATION.
Duration : 0:7:33
The Loan Modification Calculator – Do You Qualify For The Obama Mortgage Plan?
Saturday, November 14th, 2009
http://www.theloanmodificationcompany.org – Here’s the site where the calculator is. You can see if you qualify for a loan modfication and find out what your monthly payment will be. Pretty cool tool…and it’s free!
Duration : 0:2:14
OBAMA’S GONNA PAY FOR MY GAS…
Thursday, November 12th, 2009
Millions like her voted… SCRIPT: “It was the most memorable time of my life. It was a touching moment because I never thought this day would ever happen. I won’t have to worry about putting gas in my car. I won’t have to worry about paying my mortgage. You know, if I help him, he’s gonna help me.”
Duration : 0:0:36
PETITION FOR MORTGAGE MORATORIUM – PART I
Tuesday, November 10th, 2009
The case for needing a mortgage rescue program for homeowners who are ineligible for existing mortgage rescue programs because they cannot meet the income or home value qualifications. Currently 1 in 5 homeowners have an “underwater” mortgage meaning that their home value is less than the loans against it. 1 in 10 homeowners are at least one month behind on their mortgages or already in some stage of foreclosure. By June of 2008, more than ONE MILLION homes in the U.S. were in foreclosure and in the Third Quarter the foreclosure filings doubled over the same period the previous year. More than 10,000,000 Americans are unemployed and this number is rising. Many self-employed individuals have likewise suffered significant business losses on account of the recession. Current mortage rescue packages require the homeowner to qualify financially. Those who have become unemployed or suffered a drop in self-employment income will not likely be able to meet the income qualifications. Existing mortgage rescue programs also require that homeowners are at least 60 days delinquent on their mortgage payments. Many homeowners who are not yet behind on their mortgage loans, but are likely to fall behind due to recent loss of employment or drop in family income, could be spared the significant damage to their credit ratings that reports of mortgage lates result in. A rescue program offering early intervention is needed to help preserve the credit ratings of these homeowners so they do not face additional hardships because of credit denials or high cost of credit due to unavoidable temporary financial hardship. We are petitioning the Congress to immediately enact emergency mortgage rescue legislation to serve these homeowners who have been shut out of other solutions. Find out more at: http://www.mortgagemoratorium.com
Sign the petition at http://www.rallycongress.com/mortgage-moratorium.
Take it viral.
Help get it into the Guinness Book of World Records for most signatures on a petition to the U.S. Congress ever.
THIS IS PART I OF 2 VIDEOS. PLEASE PLAY PART II AFTER VIEWING PART I.
Duration : 0:8:57
Obama Making Home Affordable Refinance and Loan Modification
Monday, November 9th, 2009
The Obama Administration announced the home affordable refinance and loan mod program. The video is a step by step guide on preparation to the program which is released on April 4. Seattle home owners be patient, guidelines are slowly getting released and each financial institution has there own.
Duration : 0:5:16