Making Home Affordable will offer assistance to as many as 7 to 9 million homeowners, making their mortgages more affordable and helping to prevent the destructive impact of foreclosures on families, communities and the national economy.
Rescue Plan .. Obama, Timothy Geithner et Wall Street ! by Aphexe
Making Home Affordable: Updated Detail Program Description
Housing Counselor Q&A's
Home Affordable Modification Program Guidelines
Summary of Guidelines
The HOPE for Homeowners (H4H) program was created by Congress to help those at risk of default and foreclosure refinance into more affordable, sustainable loans. The Hope for Homeowners program is intended to provide homeowners with new, 30-year fixed rate mortgages insured by the Federal Housing Administration (FHA). ...more
In its first two weeks of existence, the Federal Housing Authoritys HOPE for Homeowners program, meant to help as many as 400,000 homeowners avoid foreclosure, has fielded a grand total of 42 applications.
An Interview on America's Nightly Scoreboard, FOX Business News with Heidi Lawler, Real Estate Expert, Home Loan Specialist, San Diego.
The Hope Now Alliance is a cooperative effort between the US government, counselors, investors, and lenders to help homeowners who may not be able to pay their mortgages.
The IndyMac Federal Bank, FDIC Program implement a new program to systematically modify troubled mortgages. The program is designed to achieve affordable and sustainable mortgage payments for borrowers and increase the value of distressed mortgages by rehabilitating them into performing loans. ...more
The Countrywide Financial (Bank of America)Homeownership Rentention Program for Countrywide customer will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 Countrywide customers nationwide. ...more
This bill was first introduced and sponsored by Senator Richard Durbin [Democrat - Illinois] in the fall of 2007, when experts estimated that nearly 2 million homeowners were at risk of losing their homes to foreclosure. Today nearly 8.1 million homeowners -- nearly 16% of all homeowners are at risk of foreclosure. ...more
Senators Durbin, Dodd and Schumer, Citigroup annouce agreement
Durbil: Other financial firms should join Citigroup; Mortgage industry had said move could raise interest rates; Analysis by John Taylor, President of NCLC
CBO: Turmoil in housing markets taking toll on federal budget; Fannie, Freddie now under government conservatorship; Analysis by Kevin Hassett of American Enterprise Institute; Analysis by Adam Posen of Peterson Institute
The Citi Homeowner Assistance Program will work to proactively help potential at-risk borrowers remain current on their payments and ultimately in their homes. The program begins November 11, 2008 and ends May 2009. ...more
From Capitol Hill: Sen. Richard Durbin (D) of Illinois Holds News Conference on Citigroup Deal, Also Featuring Commentary from Sen. Christopher Dodd.
Durbil: Other financial firms should join Citigroup; Mortgage industry had said move could raise interest rates; Analysis by John Taylor, President of NCLC
