Latest News in Refinancing Home Mortgages – Feb 18, 2010

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Few aided by housing plan – Worcester Telegram & Gazette
The plan, Obama told a cheering audience of high school students, would keep as many as 9 million people in their homes by lowering their monthly … Low interest rates and tax incentives have boosted home sales, but are ending soon. The $1.25 …

To Get a Refinance Home Mortgage Loan You Must Qualify – TMCnet
In early 2009, the Obama administration announced a mortgage refinancing program called Making Home Affordable. This program is expected to help nine million homeowners keep their homes and avoid foreclosure. Making Home Affordable offers hope for …

Housing reality sets in – Scranton Times-Tribune
The dismal results of Obama’s mortgage aid program now raise doubts about whether the government can fix the housing crisis. Low interest rates and tax incentives have boosted home sales, but are ending soon. The $1.25 trillion program created by the …

Who Qualifies for Home Mortgage Refinance Loans? – Earthtimes
In early 2009, the Obama administration announced a mortgage refinancing program called Making Home Affordable. This program is expected to help nine million homeowners keep their homes and avoid foreclosure. Making Home Affordable offers hope for …

Mortgage-scam leader fined $70,000, loses license – Denver Post
The leader of a mortgage-fraud scam that kicked back $8 million to brokers and buyers has permanently lost his real-estate license and has been fined $70,000. In a decision issued last week, Administrative Law Judge Ted Krum reich found Jerold Minney …

A year later, things look bleak for Obama’s housing strategy – Arizona Daily …
… Obama told a cheering audience of high school students, would keep as many as 9 million people in their homes by lowering their monthly mortgage payments. The program wouldn’t save every home … Christopher Thornberg, a Los Angeles economist …

Mortgage Rates Move Higher After FOMC Meeting – MortgageNewsDaily.com
… mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase in home … refinance

Housing crisis proving too big to solve – Herald Tribune
… modifying the terms of mortgages for up to 4 million borrowers by the end of 2012. It would also relax rules to let up to 5 million homeowners refinance at lower interest rates. Under the modification plan, borrowers can get their mortgage rates …

Housing: A year later, reality sets in – Traverse City Record-Eagle
About 116,000 homeowners have had their loans modified to reduce their monthly payments, the Treasury Department … It would also relax rules to let up to 5 million homeowners refinance at lower interest rates. Since the program started in March: n …

Mortgage aid goals unmet; year’s plans far from reality – The Sun News
Ambition, though, got far ahead of reality. Obama expands housing help to include second mortgages … Interviews with officials in the Obama and Bush administrations, bank executives and housing experts show the government launched the effort …

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