March, 2010

Obama Administration to Announce Expansion of HAMP – Principal Reductions and Help for Unemployed

Obama Administration to Announce Expansion of HAMP – Principal Reductions and Help for Unemployed

On Friday, the White House is expected to announce an expansion of the president's Making Home Affordable loan modification program to include reducing the mortgage loan balances for some homeowners, and providing additional temporary assistance to unemployed homeowners. ... (Continue reading)

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE… Nada, Ziperino!

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE… Nada, Ziperino!

The plan was announced last April. Treasury released guidelines in August. And five weeks ago, Bank of America, with three million seconds, signed up. Five weeks ago. Stop it... they've been busy.... (Continue reading)

Did I say HELP? I didn’t mean help. I meant OFFER to HELP. Or talk about helping. It depends on your definition of HELP.

Did I say HELP?  I didn’t mean help.  I meant OFFER to HELP.  Or talk about helping.  It depends on your definition of HELP.

When Obama introduced Making Home Affordable he claimed that the program would help 3-4 million homeowners, but as it turns out, the program has at best helped... and I use the term "helped" very loosely... about 170,000 homeowners to-date. ... (Continue reading)

As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners

As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners

Bank of America will offer qualified homeowners an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their mortgage payments. Over the five-year period, homeowner can bring... (Continue reading)

Green Credit & Me

Green Credit & Me

If the guys in Sacramento or Washington D.C. think that I view ANYTHING they've done to-date as being even remotely competent, let me be oh so clear... I DON'T. As far as I'm concerned, our government is functioning just... (Continue reading)