Politics

The home loan modification mortgage assistance program is still available from lenders to help homeowners who are struggling to make their mortgage payment. Due to a variety of economic factors many individuals need a lower mortgage payment in order to keep their home and it’s the mission of the Making Home Affordable Program to...
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Many homeowners with an underwater mortgage have been asking for principal reduction plans in order to make their home more affordable or to lighten the burden that comes with owing more on a home than their home is worth. However, some lenders have been hesitant to use principal reduction options as they believe they...
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The Federal Housing Administration has been providing insurance on home loans for individuals who may be in a lower income bracket and would otherwise not be able to obtain a home loan. Some individuals may be able to make a home loan payment but might not qualify for a home loan for a variety...
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There was an increase in the number of contracts signed for homes in April, which is accredited to the first-time homebuyer tax credit.  Homebuyers were said to be rushing into the housing market in April to meet the deadline for this tax incentive for those who are either new homebuyers or repeat homebuyers. However,...
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Homeowners with Bank of America still in need of home loan assistance may be happy to know that lenders like Bank of America are still making progress in the Making Home Affordable Program and are still using various in-house programs to help homeowners avoid foreclosure. Many lenders are using home loan modifications, principal reductions,...
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While some people feel that home prices are on the rise, there are still many homeowners who are left with an underwater mortgage as they have seen their home’s value drop so substantially that they now owe a great deal more on their home than their home is actually worth. The Obama administration has...
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The home loan modification program from the Obama administration recently released a report for the number of modifications that were made by the big lenders for the month of April. The good news was that, overall, home loan modifications were up from the previous month, meaning that more homeowners got mortgage assistance. However, with...
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The Small Business Administration offers microloan programs for small business owners who are in need of a short-term loan for their company. Microloans are made through lenders but guaranteed by the Small Business Administration and usually have a maximum loan amount of $35,000. Many small-business owners use microloans so that they can either buy...
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The home loan modification program has been providing assistance for homeowners who are having trouble making their mortgage payments due to factors like unemployment or having an underwater mortgage. The Obama administration has formulated a number of plans to help lenders provide assistance for homeowners. While these programs like home loan modifications, principal reductions,...
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Many people that are struggling with their mortgage are seeking out help through various mortgage assistance programs from the Obama administration. The Making Home Affordable Program has a variety of plans that can be beneficial for homeowners who may be struggling to pay their mortgage. Homeowners, over the past few months, have been seeking...
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