How Barack Obama’s housing plan might help you – Hartford Courant
A Strapped borrowers who have existing conforming loans can apply for a refinance through their existing lender. If they meet the program requirements, including that they occupy the home and can document their income, their lender may be able to …
Mortgage applications climb in new survey – Baltimore Sun
WASHINGTON Mortgage applications jumped last week as fixed mortgage rates fell below 5 percent and encouraged homeowners to refinance their loans. The Mortgage Bankers Association said yesterday that its weekly application index rose 45.7 percent for …
We’re rushing to refinance – Daily Press
Michael Otto shaved two percentage points off his interest rate this month when he refinanced his mortgage. The result? A savings of $300 a month. He plans to use it to pay off his 30-year loan in 15 years. That will save him $132,000 in interest. “I …
Obama’s $75 billion mortgage relief plan inspires hope, skepticism – WRAL
MESA, Ariz. ? Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure. Announcing the plan in …
Millions may get home loan help – Nashville Tennessean
MESA, Ariz. ? President Barack Obama announced a $75 billion federal plan to ease the epidemic of home foreclosures on Wednesday, casting it as not just a bailout for as many as 9 million homeowners but also as a means for ending the downward …
Obama mortgage plan could mean housing help coming – Detroit Free Press
The crisis — linked to the subprime mortgage mess — of sinking home values and spiraling foreclosures has helped feed the nation’s deep recession. On Wednesday, President Barack Obama announced a plan to push for refinancing millions of loans …
Obama unveils mortgage relief plan – Los Angeles Times
President Obama has pledged to spend up to $100 billion of the remaining financial bailout funds approved last fall to assist worthy but struggling homeowners. The $75-billion proposal to ease the epidemic of home foreclosures aims to help as many as …
$275B fix for home crisis – Times Union
MESA, Ariz. ? President Barack Obama announced a plan on Wednesday to help as many as 9 million homeowners refinance their mortgages or avert foreclosure, saying that it would shore up housing prices, stabilize neighborhoods and slow a downward …
Obama outlines home foreclosure plan – Detroit News
Obama outlines home foreclosure plan Incentives to lenders, loan modifications could help Michiganians stay in their own residences. Gordon Trowbridge and Darren A. Nichols / The Detroit News WASHINGTON — The Obama administration announced an …
Obama Unveils $75B Mortgage Relief Plan – AOL
Announcing the plan in Arizona ? a state especially hard hit by the housing crunch ? Obama said that turning around the battered economy requires stemming the continuing tide of foreclosures. The housing crisis that began last year set many other …
