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Obama's Housing Program: One Month Later
 
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http://www.cambridge-credit.org -- It has been over a month since the Obama administration announced the U.S. Treasury Department's Making Home Affordable program. While the initiative has its merits, many believe that it falls short of offering struggling homeowners the help they desperately need. Watch this week's webisode from Cambridge Credit Counseling Corp. to learn more. Host: Community Outreach Director, Thomas J. Fox. Transcription: Hello, and welcome to Your Money 2.0. I’m Thomas Fox, Community Outreach Director for Cambridge Credit Counseling. It has been over a month since the Obama administration announced the U.S. Treasury Department's Making Home Affordable program. While the initiative has its merits, many believe that it falls short of offering struggling homeowners the help they desperately need. To recap, the Making Home Affordable program works in two ways. First, homeowners who are on-time with an existing mortgage owned by Fannie Mae or Freddie Mac may apply for refinancing under the The Home Affordable Refinance portion of the plan. In this case, eligible loans will include those where the first mortgage does not exceed 105% of the current market value of the property. The second part of the Home Affordable Modification allows homeovners who are struggling with making their payments apply to modify their mortage to make thing more manageable. This aspect of the plan is voluntary; therefore, it is unknow how succesfull the initative will be. Both programs have a shelf life – the Home Affordable Refinance program expires in June of 2010 and the Home Affordable Modification program expires on December 31, 2012. The predominant issue affecting homeowners is the drastic decline in the value of their homes – a term known as underwater where a home is worth less than the mortgage. major limitation of the program is that it does not attack the problem of negative equity -- mortgage balances larger than the value of the homes securing the mortgages. Furthermore, 65% of the mortgages originated in 2005 and 2006 were not securitized by either Fannie Mae or Freddie Mac. This means that there is a tremendous amount of homeowners that will not be able to seek help under the program. Economist Nouriel Roubini and market analyst Meredith Whitney predict that prices in the housing market will decline by another 20 percent before they level off. Nearly half of all homeowners will be underwater and owe more on their mortgages than the current value of their homes. That will increase the foreclosures and push scores of banks into default. This logic is backed up by Merrill Lynch’s economist,David Rosenberg, as he thorises that the housing market will need another three years to achieve price stability. Given the Making Home Affordable Cambridge recently launched keepyourhome.us to further the promotion of our Home Sweet Home initiative which achiever economic stabilization through recovery of the housing sector. Well, that’s it for this edition. We welcome your feedback and ask for your thoughts and suggestions by e-mailing us at yourmoney2@cambridgecredit.org. Thank you for watching. Until next time, I’m Thomas Fox for Cambridge Credit Counseling.
Obama Unveils Program to Stem Foreclosures
 
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President Barack Obama unveiled a 75 billion dollar program Wednesday (February 18th) to prevent up to nine million U.S. homeowners from losing their homes. The Homeowner Affordability and Stability Plan includes measures to allow struggling homeowners to refinance their loans so their monthly payments are affordable.
Views: 2931 VOA News
President Obama on Working Through the Mortgage Crisis
 
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The President speaks after Housing Refinance Roundtable with real people who have benefited from renegotiating their mortgages and explains how millions of others can take advantage of his Making Home Affordable plan. (public domain)
Views: 24384 The Obama White House
Obama's Mortgage Rescue Plan
 
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More than 11 million homeowners are at risk of foreclosure. President Obama rolled out a new plan that he hopes will help 4 million homeowners in the next 3 years. Chip Reid reports.
Views: 1444 CBS
We offer new Government Refinance Plans like the Home Affordable Refinance Program HARP
 
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Avrus is licensed HARP lenders who can offer the Presidents refinance plan, and other new refinance programs approved by the White House
Reid Discusses President Obama's New Housing Initiative
 
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Nevada Senator Harry Reid today discussed the release of guidelines for President Barack Obama's Making Home Affordable initiative. This new program is designed to help millions of Americans refinance or modify their mortgages, making it possible for them to stay in their homes. Combined with the foreclosure prevention funding Reid is working to secure in the omnibus appropriations bill, this plan could provide immediate relief to Nevada families. Up until today, help seemed out of reach for responsible home owners whose mortgages suddenly became unaffordable. More often than not, you had to be in default or on the brink of foreclosure to get any assistance or to renegotiate your loan, Reid said. Now, homeowners who can no longer afford their mortgage, or whose mortgages will become unaffordable very soon, are eligible to participate in the Administrations plan. To see the full text of Reids statement on this initiative please visit http://reid.senate.gov/newsroom/pr_030409_statementonobamahousing.cfm
Obama's Housing Revamp 'Weak Attempt'
 
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President Obama has announced a program in Las Vegas today, basically a revamp of the Home Affordable Refinance Program. And this new broader refinancing program is taking away some of the roadblocks, or strict requirements. So, what do we say about the overhaul, is this administration finally zeroing in on the housing crisis or is this a weak attempt? Reason's Anthony Randazzo discusses.
Views: 592 TheAlyonaShow
Home Loan Assistance
 
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SmartMoney Deputy Editor, Matthew Heimer tells us about the Home Affordable Modification Program (HAMP) implemented by the Obama administration March 26. The program is intended to help people lower their mortgage payments and stay in their homes.
Views: 396 CBS News
Obama Unveils Plan
 
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Obama Unveils "Making Home Affordable" plan to help distressed homeowners.
Views: 357 FairLendingGuru
Obama Announces Financial Help for US Homeowners
 
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U.S. President Barack Obama, on a three-day trip to the western United States, outlined an initiative aimed at helping troubled homeowners at a stop in Las Vegas, Nevada. VOA's Mike O'Sullivan reports from Los Angeles that Obama, who is locked in a battle with Congress over his jobs creation bill, announced a mortgage assistance plan that bypasses U.S. lawmakers.
Views: 2290 VOA News
Obama Speech 2013: President's Ideas to Help Homeowners
 
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The president outlined his plans to help responsible Americans own homes and addressed he bipartisan effort to overhaul the mortgage finance giants Freddie Mac and Fannie Mae. Read the story here: http://nyti.ms/1erZKy1 Please visit http://nyti.ms/15Nn2g5 in order to embed this video Subscribe on YouTube: http://bit.ly/U8Ys7n NYT on Google Plus: http://bit.ly/WnAshF Watch more videos at: http://nytimes.com/video Follow on Twitter: https://twitter.com/nytvideo
Views: 2882 The New York Times
The mortgage relief plan
 
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According to the center for Responsible Lending, a new family enters into foreclosure every 13 seconds. President Obama has announced the Homeowner Affordability and Stability Plan to help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure. But what does this plan entitles, how exactly does it work, who qualifies, and what do they need to do to benefit?
Homeowner Affordability and Stability Plan
 
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http://www.cambridge-credit.org -- Transcription: Hello, and welcome to Your Money 2.0. I’m Christopher Viale, president and CEO of Cambridge Credit Counseling Corp. Recently, the Obama Administration introduced its Homeowner Affordability and Stability Plan. Details have been a bit scarce, but more information will be made available before implementation on March 4th. The Plan approaches the housing crisis on two fronts – refinancing, and the modification of loan terms. Both parts try to make circumstances more comfortable for consumers by reducing their monthly mortgage payments. Overall, the administration anticipates the plan will help close to 9 million Americans maintain homeownership. When it comes to refinancing, the Plan would allow a homeowner to secure a reduced interest rate by easing the lending criteria for loans owned or guaranteed through Government Sponsored Enterprises, or GSE’s, like Fannie Mae or Freddie Mac. This provision could help a portion of the 15 million American homeowners who owe much more on their loan than their house is currently worth. The revised guidelines would allow homeowners to refinance up to 105% of a home’s current value, even if there is little or no equity in the home. This could help 4 to 5 million homeowners roughly a third of those mentioned earlier, save about $200 a month. The modification aspect of the plan is designed to assist homeowners who are at risk of foreclosure. The definition of “at risk” has been expanded to include those who may not have yet missed a loan payment, but who have the potential to do so. Here, the Plan hinges on lender participation and the affordability of the monthly mortgage payment. First, the lender will need to work with the consumer to reduce the mortgage payment to no more than 38% of his or her gross income. From there, the government will match lender concessions dollar-for-dollar to further reduce the monthly payment to 31% of the consumer’s debt-to-income ratio.
New Second Mortgage Modifications
 
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http://www.cambridge-credit.org -- President Obama recently announced that his housing initiative was ready to expand to include second mortgage modifications. The Administration believes that ensuring a homeowners ability to stay in their home is critical to stabilizing the housing market. Once thats achieved, the logic is that the overall financial system will recover in turn. Watch this week's webisode from Cambridge Credit Counseling Corp. to learn more. Host: Community Outreach Director, Thomas J. Fox. Transcription: Hello, and welcome to Your Money 2.0. I’m Thomas Fox, Community Outreach Director at Cambridge Credit Counseling. The Obama Administration’s Making Home Affordable program has drawn a fair amount of criticism since it was announced. However, with 6 million families facing foreclosure in the coming years and countless others struggling to stay current on their mortgage payments, help was needed. The plan’s detractors focused on the omission of second mortgage modifications. Why should they be included? Second mortgages often complicate or prevent the modification or refinancing of a first mortgage because borrowers require permission from any second lien holder before an adjustment can be made. Now that 75% of mortgage servicers have begun participating in the Making Home Affordable program, President Obama recently announced that his housing initiative was ready to expand to include second mortgage modifications. The Administration believes that ensuring a homeowner’s ability to stay in their home is critical to stabilizing the housing market. Once that’s achieved, the logic is that the overall financial system will recover in turn. Given the popularity of second mortgages, it stands to reason that they’ve been included in the Making Home Affordable program. This new provision will help those with amortizing loans and those with interest-only loans. For traditional amortizing loans, or loans with monthly payments consisting of interest and principal, the administration will share the cost of reducing the interest rate on the second mortgage to 1%. Participating servicers will be required to follow specific steps to modify such loans. First, and most important, servicers must be willing to reduce interest rate to 1 percent. They’ll also need to extend the term of the modified second mortgage to the term of the modified first mortgage. After five years, the interest rate on the second lien will increase to the current interest rate on the modified first mortgage, subject to an interest rate cap. For interest-only loans, the administration will share the cost of reducing the interest rate on the second mortgage to 2%. Similarly, servicers of interest-only mortgages will need to adhere to guidelines similar to those I just outlined for amortizing loans. Alternatively, servicers will have the option to “extinguish” the second lien in return for a lump sum payment from the government, according to a pre-set formula determined by the Treasury Department. Unfortunately, because the formula equates to just pennies on the dollar, only time will tell if many servicers agree to extinguish these liens. The administration's second mortgage initiative will be funded out of $50 billion in financial rescue money that has already been allocated. As in the original plan, participation is encouraged through financial incentives that can be paid to servicers. Mortgage companies would receive $500 for each modified loan, plus $250 a year for three years, providing the borrower doesn't default. You can learn more about the Making Home Affordable program by visiting www.makinghomeaffordable.gov. Well, that’s it for this edition. We welcome your feedback and ask for your thoughts and suggestions by e-mailing us at yourmoney2@cambridgecredit.org. Thank you for watching. Until next time, I’m Thomas Fox for Cambridge Credit Counseling.
HARP Government Refinance Program May Help Homeowners Stay in Their Homes
 
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http://PamMcCoyRealEstate.com Recently the government presented a new loan program, Home Affordable Refinance Program (HARP), which may help current homeowners to refinance their upside down mortgages in order to stay in their homes and be able to have an affordable mortgage payment. Kevin Kirk, Senior Loan Consultant with Comstock Mortgage speaks to Pam McCoy of Coldwell Banker about this new program in this informative video vlog. For more information you may call Kevin at 916-812-1214 or Pam at 916-865-8759. We are here to help you with your real estate goals.
Views: 716 Pam McCoy
Obama Administration Unveils Plan To Expand Affordable Housing
 
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Obama administration on Thursday said it would tap Treasury funds to bolster the construction of affordable rental housing and extend the life of a program aimed at helping struggling homeowners avoid foreclosure. The announcement by Treasury Secretary Jacob Lew was timed to coincide with the fifth anniversary of the Making Home Affordable program, an Obama administration initiative launched at the height of the economic crisis to revitalize the housing sector. "We need to continue to be there for homeowners who are facing foreclosure, those who are struggling with increasing interest rates on their modified mortgages, and those whose homes are caught underwater," Lew said in remarks prepared for delivery at an event to mark the program's anniversary. http://news.yahoo.com/obama-administration-unveils-plan-expand-affordable-housing-210043053--sector.html http://www.wochit.com
Views: 22 Wochit Business
Breaking: Obama Announces $26 Billion Dollar Mortgage Deal
 
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After months of painstaking talks, government authorities and five of the nation's biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said in Washington on Thursday.
Views: 671 NewsTsar
White House Google+ Hangout: Mortgage Refinancing
 
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HUD Secretary Shaun Donovan hosts a Google+ Hangout moderated by Zillow to discuss the President's plan that would help millions of homeowners refinance their mortgages and save thousands of dollars a year. July 12, 2012.
Views: 9582 The Obama White House
New HARP Program- Will it work
 
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The new HARP program has some great features, but the issue is, it does not solve the problem of being underwater. http://EastValleyTeam.com
Views: 690 deanouellette
Home Affordability Refinance Program H.A.R.P.
 
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http://www.FaceBook.com/MoJoRealEstate http://www.MortonJones-RealEstate.com http://www.MortonJonesRealEstate.com A short video on the Home Affordability Refinance Program. H.A.R.P. is for people are upside down owing on their loan than the home will sell for in todays market and want to refinance at a lower interest rate making their home more affordable. http://www.making-homes-affordable.com/
Views: 492 MoJoRealEstate
On the Clock - Mortgage Refinance
 
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On The Clock: Jim Parrott, Senior Advisor for the National Economic council Topic: The President's mortgage refinance proposal in 60 seconds or less
Views: 7072 The Obama White House
Ending HAMP: President Obama's Mortgage Program that Fails Homeowners, Wastes Taxpayer $
 
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Rep. Patrick McHenry (R-NC), Chairman of the House Oversight Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, speaks on the House Floor on the failures of the Home Affordable Modification Program and why it needs to be eliminated.
Views: 293 oversightandreform
Obama's Plan Won't Help All
 
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One in five U.S. homeowners with mortgages are "underwater," meaning they owe more money to their lender than their property is worth. Ben Tracy reports on whom Obama's housing plan will help.
Views: 3527 CBS
Vid 135 Foreclosures after HAMP
 
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HAMP (Home Affordable Mortgage Program) and HARP (program for mortgagors not in default) have ENDED. The federal government is no longer paying the major banks and their loan servicers to modify 1-4 family residential loans, with applications not being accepted after 12/30/16. The consequences are going to be disastrous for millions of homeowners-mortgagors, as foreclosure defense attorney Carl E. Person explains in this video. Person also explains what he believes should be done by homeowners-mortgagors who cannot afford their mortgage and are faced with the threat of foreclosure and sale of their home. The information is relevant to homeowners-mortgagors in the 28 non-judicial foreclosure states as well as in the 22 judicial foreclosure states. The most important part of the video, according to Person, is to have the homeowner-mortgagor facing foreclosure and sale be represented by an experienced foreclosure defense attorney, even if part of the legal representation is found outside of state. The out-of-state attorney can assist the local attorney in providing foreclosure defense experience that may be difficult to find among local attorneys, particularly in rural counties in the 28 non-judicial foreclosure states. The ending of HAMP (12/30/16) is going to result in an increased percentage of completed foreclosures and sales. The way to encourage the needed loan modification agreement is many instances will be to raise and pursue legal issues not usually found by inexperienced counsel or by pro se litigants.
Views: 440 carlpers2
Obama Details Broader Housing Plan
 
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President Barack Obama says the nation's housing crisis is damaging not only the U.S. economy, but also what it means to be middle class in America. (Feb. 1)
Views: 41257 Associated Press
"Making Home Affordable Program"
 
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See if you qualify mateomortgage@Hotmail.com 480-688-9722
Views: 671 Mateo Garcia
UPSIDE IN YOUR HOME REFINANCE 125% LTV WITH A HARP LOAN !
 
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http://www.utahlowrate.com/home.html WE CAN REFINANCE YOUR MORTAGE UP TO 125% LTV WITH A HARP REFI PLUS LOAN , ALL LOANS MUST BE DATED ON OR BEFORE MARCH 2009 , CLICK THE LINK TO THE ADDRESS LOOKUP TO SEE IF YOUR LOAN IS A FANNIE MAE OR A FREDDIE MAC LOAN. http://www.utahlowrate.com/loanOptions/Featured/%20FANNIE%20MAE%20OR%20FREDDIE%20MAC%20ADDRESS%20LOOK%20UP%20TOOL%20%21/ DANIEL PARIS 801-604-4949 WWW.UTAHLOWRATE.COM DANIEL PARIS APPLY ONLINE AT www.utahlowrate.com Professional Mortgage Loan Specialist Christian Roberts Mortgage 512 E Winchester Plaza Murray, UT 84107 (801) 604-4949 mobile (888) 880-3472 direct fax danparis02@hotmail.com NMLS# 943276 -3138
Views: 452 Daniel Paris
Update on  HARP II Refinance Program Feb 2012
 
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http://www.thecameronteam.com/ Jeff Cameron MRW Homes 480-502-7699 What is the new HARP II program and how does it affect you? The new HARP II program is out and available as of mid March. This means for borrowers upside down stuck with a hirer rate than available today, they can refinance. No income verification. Low FICO scores ok. This program will help people avoid doing a short sale or going to foreclosure. How will HARP II affect the economy? If, for example, 5 million home owners refinance and save on average $300 per month then consumers will have $1,500,000,000 or $1.5 Billion more per month to spend or save. That would add $18 Billion in sales for the year. Thank you to Duke Pyle with Academy Quick Close 10 - 14 Day Close Guarantee for Conventional and FHA 80% ltv Jumbo with 620 FICO. Ask Today! Direct: 602-619-8008 Efax: 480-393-7701 Email: Duke.Pyle@AcademyMortgage.com Web: AcademyMortgage.com/DukePyle 17015 North Scottsdale Road Suite 300 Scottsdale, Arizona 85255 NMLS #218507 LO-0913881 Corporate NMLS #3113 MB-0904081 Created on February 7, 2012 using FlipShare. HomeSmart Jeff Cameron (480) 652-2004
Views: 1118 The Cameron Team
Zillow & President Obama: A Better Bargain for Responsible Homeowners
 
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On Wednesday, August 7, 2013 President Barack Obama answered questions from U.S. homeowners, renters and prospective buyers in a live-streamed event entitled "Zillow Presents: A Better Bargain for Responsible Homeowners: President Obama Answers Your Questions." During the event, President Obama answered housing questions submitted via social media, using the hashtag #AskObamaHousing.
Views: 5066 Zillow
Making Home Affordable Program Part I The Refinance Initiative
 
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http://stk.ly/iCwo8Y Click the link to get FREE information about mortgage programs.
Views: 26 yettagraef84
Government Initiatives - HASP, HAMP, HARP, HAFA
 
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Distressed property expert Chris Sommer gives a brief history on the success and failures of the government initiatives programs, and which one could help you. Hope for Homeowners Consulting has an experienced team & relationships with some of the area's best real estate agents, property managers and attorneys. So...if you know someone drowning in debt, call H4H Consulting...we will help them 'Chart their course' back to safety and sanity! http://h4hconsulting.com 800.604.0266
Views: 1607 h4hconsulting
The President Explains His Larger Vision on the Economy
 
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The President explains his larger vision for the economy. The past three months have seem a storm of activity from the White House, with initiatives on housing, the markets, the auto industry, small businesses, international financial cooperation, and job creation through the Recovery Act. The President explains the strategy that has served as the foundation for every major initiative on the economy thus far. Georgetown University, April 14, 2009 (public domain)
Views: 25818 The Obama White House
New CitiMortgage Help Plan Falls Short
 
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Freedmont Mortgage CEO Carl Delmont explains how the CityMortgage plan to help struggling homeowners does not go far enough to help people refinance into more suitable loans.
Views: 926 freedmontmortgage
DSNews Report: HARP and HAMP Extended to 2016
 
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Source: https://www.spreaker.com/user/leehonish/dsnews-report-harp-and-hamp-extended-to- The Federal Housing Finance Agency officially announced that the deadline for the Home Affordable Refinance Program has been extended to the end of 2016, matching the deadline of the Home Affordable Modification Program. "Although the number of new borrowers entering these two programs continues to decline, in part because many eligible borrowers have already taken advantage of them and in part because of recovering house prices, lenders and servicers are continuing to approve new HAMP modifications and HARP refinances," FHFA Director Mel Watt said at the Greenlining Institute's 22nd Annual Economic Summit in Los Angeles. "Extending HAMP and HARP through the end of 2016 will provide real relief for borrowers who continue to face challenges either paying their mortgage or refinancing their loan," Watt said. So far, nearly 3.3 million borrowers have already taken advantage of HARP to reduce their monthly payments and obtain some financial relief. Both HAMP and HARP were originally launched in 2009 to provide relief to borrowers by lowering their monthly payments and were set to expire on Dec. 31, 2013. However, in June 2014, U.S. Treasury Secretary Jacob Lew announced several initiatives designed to spur the flailing housing market, including the extension of HAMP until Dec. 31, 2016. "This innovative program has provided relief to homeowners across the country, including more than a million homeowners who have been able to permanently modify their mortgages through HAMP and save roughly $540 a month in mortgage payments," Lew said at the time of the announcement. "The Making Home Affordable Program is not just helping families keep their homes, it is giving families peace of mind." Back in 2013, the Department of Housing and Urban Development teamed up with the Treasury Department to announce an extension of the Obama administration's Making Home Affordable Program through Dec. 31, 2015. The then deadline was determined in coordination with the FHFAto align with extended deadlines for the Home Affordable Refinance Program and the Streamlined Modification Initiative for homeowners with loans owned or guaranteed by Fannie Mae and Freddie Mac. As a result, after the second announcement of a HAMP extension in June 2014, it was rumored that HARP would be extended as well, since the FHFA did just that when both programs were extended for the first time in 2013. Once again, talks quickly spread on the potential of a HARP extension after a town hall meeting on the Home Affordable Refinance Program in Newark, New Jersey, in March 2015. Watt once again put an end to the rumors, explaining the next day that what he was saying is that the FHFA doesn't like to leave any option off the table, but that didn't mean that the agency was in any talks to pursue either an extension or expansion, just that anything was possible. And possible just became reality. While this will be the last time HAMP will ever be extended, there is still a chance that HARP could be revived. "HAMP and HARP were never intended to be permanent programs. As a result, this will be the final extension that FHFA will make for the Enterprises' participation in HAMP and we anticipate that this will also be the final extension for HARP," Watt said. "FHFA will use the time between now and the end of 2016 to consider how best to build on the lessons of HAMP for 2017 and beyond. In the meantime, we have determined that it is appropriate to maintain the Enterprises' streamlined modification program as part of their loss mitigation toolkit," he continued. Last year, Watt started a nationwide public campaign to visit targeted cities with the highest number of in-the-money borrowers who have yet to take advantage of a HARP refinance in order to help spur participation. According to an interactive map on the FHFA's website, there are more than 600,000 borrowers nationwide who would still benefit from HARP.
Views: 61 Perfect Blu Studio
Home Affordable Refinance Program | Dan Moralez | 616-931-4629 | Grand Rapids & Holland, Michigan
 
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*****SEE UPDATED VIDEO BY FOLLOWING THIS LINK***** https://www.youtube.com/watch?v=70-fKBxH0ZY In this video I give you the highlights on the governments HARP-Home Affordable Refinance Program. Get the latest on the HARP program by visiting my website at http://www.danmoralez.com/2012/05/20/president-obamas-revamped-harp-refinance-program/
Views: 1508 Dan Moralez
Harp 2.0 - Changes are not Just Another Useless Government Program!
 
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Not Just Another "Useless" Government Program, HARP 2.0 Changes Actually Help Southern California Homeowners This just in ... The United States Government did something right! Finally after dozens of failed attempts at Economic Stimulus, the HARP 2.0 Changes have actually helped people..Some people, and the help is limited to a select group who plan on staying in their home for a long time or the select few who are not too "Upside down" on their mortgage. Listen in as the group discusses these changes and reasons it may or may not help the Homeowners of Long Beach CA, Seal Beach CA, and surrounding cities. Remember, it's a "Refinance" program, so you may get a better rate, you may have a lower payment, but remember your house is still worth half of what it was when you got the loan! Keeping you Informed, That's what we do at Keeping It Real Estate! @KeepingItRELB (562) 888-BEACH KeepingItRealEstateOnTheBeach@gmail.com
DN! Obama to Announce New Program to Help Homeowners
 
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Obama to Announce New Program to Help Homeowners The Obama administration is expected to announce today broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. Part of the plan will help the jobless and those underwater with mortgages bigger than their homes value. Many details of the administrations plan remain unclear.
Views: 57 StartLoving3
White House Initiative on Elder Abuse and Financial Exploitation Opening Session
 
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The White House Office of Public Engagement, in collaboration with the Administration for Community Living, the Department of Justice, and the Consumer Financial Protection Bureau, hosts an event highlighting elder abuse and financial exploitation, featuring Administration officials as well as individuals and organizations committed to addressing elder abuse and financial exploitation in their local communities. June 14, 2012.
Views: 3280 The Obama White House
Making Home Affordable Modification
 
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http://www.the2mortgageguys.com In this video we'll explain the Modification portion of the Making Home Affordable housing initiative rolled out by the Obama administration. If you're nervous about making your next house payment this video may present a solution for you.
Views: 1697 The2MortgageGuys
Mortgage Fraud and the Ultimate NO BID CONTRACT
 
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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
Views: 1857 Bruce Fenton
Will Obama Housing Plan Do Enough?
 
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President Obama's housing plan aims to help 9 million struggling homeowners avoid foreclosure, but it leaves out many borrowers who won't qualify because their homes have lost too much value. (March 4)
Views: 1469 Associated Press
Rep. Carney Defends Program to Help Homeowners
 
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On Tuesday, March 29, Rep. John Carney took to the House floor to defend the Home Affordable Modification Program (HAMP), an initiative that has helped 1,600 Delaware families stay in their homes. The program allows certain homeowners -- who clear a rigorous application process -- to refinance their mortgages to reduce monthly payments. The federal government provides incentives for servicers to modify the loans. "Since the housing bubble burst, over 9 million Americans have gone into foreclosure," said Rep. Carney. "In my state of Delaware, annual foreclosure filings nearly tripled over the past few years. And we aren't even one of the hardest hit states."
Views: 224 RepJohnCarney
HARP PROGRAM UPDATES (UNDERWATER REFINANCES)
 
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www.RyanHoffmanHomeLoans.com We'll update you with another video once we have the full guidelines, but for now it looks good and everyone should be ready so we can refinance as soon as we know. Ryan Hoffman Loan officer Wholesale Capital Corp 951-488-3114 RHoffman@wccloans.com
Views: 252 Ryan Hoffman
Rep. Alcee Hastings on Preventing Foreclosures
 
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Today, the House will complete consideration of the Helping Families Save their Homes Act (HR 1106), which begins to put part of President Obamas Homeowner Affordability and Stability Plan into law. The Obama plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure—as well as their neighbors whose own house values will drop as a result of nearby foreclosures. Learn more about the legislation at http://www.speaker.gov/newsroom/legislation?id=0281.
Views: 206 Nancy Pelosi
Stop Foreclosure Los Angeles
 
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Stop Foreclosure Los Angeles Tel : 323-730-3900 Tel : 323-533-5431 http://free-internet-marketing.com/?page_id=41 Stop Foreclosure Los Angeles Tel : 323-730-3900 Tel : 323-533-5431 http://free-internet-marketing.com-?page_id=41 Stop Foreclosure Los Angeles Despite efforts to the contrary, there still is a major gap between homeowners in danger of losing their homes and the resources available to help them avoid foreclosure. More than half of the homeowners facing foreclosure, in a recent poll, didn't know about federal and state programs aimed at helping them. Furthermore, almost as many said their lenders were "not willing at all" to work with them. You may have seen the ads promising that you can avoid foreclosure without filing bankruptcy in California. While this is technically true, the companies making this claim may be unlicensed and unregulated and may be engaging in fraudulent practices. Many of our clients in Los Angeles, and Southern California are facing the loss of their home. In fact, the mortgage foreclosure problem in America is reaching epidemic proportions. Some realize that personal bankruptcy may be the only realistic way out of crushing debt, but are afraid because they believe they will lose their home. This is not necessarily the case. There are ways to keep your home even in a bankruptcy. Under the broad Making Home Affordable initiative, Uncle Sam offers several options to owners — but not to investors — including the Home Affordable Refinancing Program (HARP) and the Home Affordable Modification Program (HAMP). If you are on time with your payments but cannot take advantage of today's lower interest rates because you owe more than your home is currently worth, HARP can help if either Fannie Mae or Freddie Mac holds your loan; the two mortgage giants touch perhaps half of all loans. If you are struggling to make your payments because your income has been curtailed or your interest rate has increased, you may be eligible to have the terms of your loan changed under HAMP. The amount you owe must be less than $729,250, your loan must have been taken out before Jan. 1, 2009, and your total monthly housing outlay — principal, interest, taxes, insurance and homeowner-association dues — must be more than 31% of your current gross earnings. For owners who are having a tough time making their house payments because they have a second mortgage, the Second Lien Modification Program (2MP) offers a way to lower the payments on the junior loan when the primary mortgage is modified under HAMP. Under 2MP, which is meant to be complementary to HAMP and is somewhat more complicated than the other alternatives, the owner of the second lien and the company administering the loan on the lien owner's behalf are given monetary incentives to reduce your rate, extend the term or possibly even extinguish the loan altogether. If you can no longer afford your home but want to exit gracefully and avoid the negative effects of foreclosure, the Home Affordable Foreclosure Alternatives (HAFA) program offers up to a $3,000 cash stipend to help you transition into more affordable housing. To qualify, you cannot be eligible for a trial loan modification, fail to complete a successful trial mod or miss two consecutive payments during the trial-mod period. Stop Foreclosure Los Angeles Tel : 323-730-3900 Tel : 323-533-5431 http://free-internet-marketing.com/?page_id=41
HARP 2.0  Music to Distressed Borrowers' Ears; or Sound and Fury, Signifying Nothing
 
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Coester VMS and Weiner Brodsky Sidman Kider PC will be hosting a webinar on the new HARP 2.0 mortgage program offered by the current administration. Learn what it means to you , your borrowers and your company as well as best practices, limiting risks and valuation practices. On October 24, 2011, the Federal Housing Finance Agency (the "FHFA") and Fannie Mae and Freddie Mac (the "GSEs") announced the expansion of the Home Affordable Refinance Program (the "HARP"), or so called "HARP 2.0", in an effort designed to assist additional "underwater" borrowers. The GSEs have since issued further guidance with additional details about the program. Further, on February 1, 2012, the Obama Administration announced plans to expand the program, along with other housing rescue efforts. These plans were announced during the State of the Union Address, and outlined changes to existing programs as well as the creation of new initiatives. Some of these new initiatives may require Congressional action. In this webinar we will outline FHFA's and the GSEs' announced expansion of HARP resulting in HARP 2.0, which loans are covered by HARP 2.0, further GSE guidance issued since the October 24, 2011 HARP 2.0 announcement and HARP 2.0 requirements, and what future enhancements to these programs might mean for borrowers and mortgage lenders. Join us for this important and timely topic and learn about its impact on the mortgage industry. During the 1 hour webinar you will hear from industry experts Jim Milano, Fed Kamensky and Brian Coester on the HARP 2.0 Program im's practice focuses on federal and state regulatory compliance matters related to the financial services industry. He represents and advises mortgage companies, consumer finance companies, insurance companies, financial institutions and secondary market investors, and their settlement service provider vendors, on numerous issues. Fed's practice focuses on state and federal regulatory compliance matters related to the financial services industry. He represents and advises mortgage companies, financial institutions, and secondary market investors in the areas of mortgage origination and servicing. Brian is the CEO of CoesterVMS and is considered an industry expert on valuation and appraisal management. Coester has spoken at a variety of industry events including topics such as Dodd Frank, Green Housing, HARP 2.0, Appraisal Management and more. Don't miss this event it will be full right away. http://www.coestervms.com
Views: 891 Brian Coester
How Does A Loan Modification Work - Things You Must Know To Save Your Family's Home
 
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http://makinghomeaffordable.wowproductreviews.com This is helpful information about how a loan modification works. Several options for modifications are covered. making home affordable making homes affordable making homes affordable act making homes affordable act making homes affordable act making homes affordable gov making homes affordable gov making homes affordable guidelines making homes affordable guidelines making homes affordable initiative making homes affordable initiative making homes affordable modification making homes affordable org making homes affordable phase 2 making homes affordable plan making homes affordable pmi making homes affordable pmi making homes affordable program making homes affordable refinance making homes more affordable making homes more affordable gov making homes more affordable gov affordable home payment affordable home payment making homes affordable making homes affordable program federal mortgage assistance making home affordable making homes affordable making homes affordable act making homes affordable gov making homes affordable guidelines making homes affordable initiative making homes affordable modification making homes affordable org making homes affordable phase 2 making homes affordable plan making homes affordable pmi making homes affordable program making homes affordable refinance making homes more affordable making homes more affordable gov affordable home loan modification home affordable loan modification home loan modification home loan modification program home loan modifications home loans modification home loans modification home mortgage loan modification home mortgage loan modification modification of home loan modification of home loan modification of home loan mortgage home loan modification mortgage home loan modification affordable home payment making homes affordable federal mortgage assistance
Views: 447 KenPeterson100
President Obama, meet another Senior Denied the Making Home Affordable Program
 
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http://stk.ly/iCwo8Y Click the link to get FREE information about mortgage programs.
Views: 85 yettagraef84
HARP 2.0 Update
 
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Mark Baker, Sierra Pacific Mortgage, provides and update to the HARP 2.0 Refinance Program.
Views: 129 MarkABakerTeam
HARP 2.0, What is it all about?
 
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Here are a few guidelines that you should be aware of that really jump out at me. This program will help a lot of people but not everyone, so pay attention to the guidelines. 1. The biggest one is obviously the removal of any LTV,CLTV or HCLTV ratios on fixed rate mortgages up to 30 years. So just to clarify, you can be at a 300% loan to value and still refinance your house as long as you meet all the other guidelines. This is huge! 2. The other guideline that really jumps out is the fact you do not need to income qualify as long as your payment doesn't increase by more than 20%. You still need to be current on your payments for the last 6 months and only 1 x 30 in the last 12, but you won't need to document any income if you are making your payments. 3. You will also be able to get an automated type of appraisal that could be used for value instead of a full appraisal. It just keeps getting better! Before you get all excited let's cover a few situations that will not allow you to use the new an improved HARP loan. 1. You cannot consolidate multiple mortgages with the HARP refinance program. It's for first liens only. All subordinate/junior liens must be re-subordinated to the new first mortgage. 2. This is only for Fannie and Freddie serviced loans and not for any FHA,USDA or VA loans. Find out if you have a loan serviced by Fannie or Freddie. 3. This program is not meant to save your home from foreclosure! There are other programs for that. You must be current on your payments. So again, those are just some of the major highlights of this program. I know that as soon as this program is released there will be a mad dash to get your loan done. Plan ahead people! Call your lender today and go through your specific situation and find out if you qualify. If you do, get on a list to be one of the first people to take advantage of this. The sooner you get it done the sooner you can see some relief from that high rate
Views: 696 bancapital