http://www.governmentrefinanceassistance.com Helping American Homeowners Obtain Mortgage Relief Thu, 19 Nov 2009 19:34:08 +0000 http://backend.userland.com/rss092 en According to recent figures, about 10% of all US mortgages are more than 30 days late on payments in Q3 2009 and more than 4% are in some stage of foreclosure. Here is an excerpt from an article from CNNmoney.com on the subject: Mortgage borrowers are still falling behind on ... http://www.governmentrefinanceassistance.com/government-financing-assistance/nearly-10-of-us-mortgages-delinquent-in-q3-2009/ The new head of HUD speculated that FHA mortgage insurance premiums may need to increase in the future in order to keep the FHA from going in the red. Here are some bits from a recent Bloomberg article on the subject: Insurance premiums for mortgages guaranteed by the Federal Housing ... http://www.governmentrefinanceassistance.com/government-financing-assistance/fha-mortgage-insurance-premiums-may-rise/ If you have an FHA loan with a rate at 6% or higher it is now or never to streamline your loan to a rate in the low between 5% and 5.5%. The FHA is pulling the plug on this program Monday November 16th. Streamlines currently require ... http://www.governmentrefinanceassistance.com/fha-streamline/fha-streamlines-it-is-now-or-never-folks/ The folks over at Zillow.com reported that the number of Americans who owe more on their mortgages than their homes are worth actually decreased in the third quarter. Here is an excerpt from the CNNmoney.com story on the subject: Fewer people are underwater on their mortgages -- further evidence that ... http://www.governmentrefinanceassistance.com/government-financing-assistance/fewer-homeowners-upside-downunderwater-on-their-mortgages/ Here is an excerpt from the Housing Wire story in the subject: President Barack Obama signed the “Worker, Homeownership and Business Assistance Act of 2009” into law on Friday, extending the first-time homebuyer tax credit as well as certain jobless benefits... With the first-time homebuyer tax credit originally scheduled to expire on ... http://www.governmentrefinanceassistance.com/government-financing-assistance/as-expected-obama-signs-tax-credit-extension-and-expansion-bill/ Good news for anyone looking to buy or sell a home right now: The tax credit for purchasing homes has been extended. See excerpts from an AP story below and contact us in the sidebar if you would like to participate in this program: Buy a home before May ... http://www.governmentrefinanceassistance.com/government-financing-assistance/tax-credit-for-homebuyers-expanded-and-extended/ With the increased loan limits on FHA and Fannie Mae/Freddie Mac loans set to expire at the end of 2009, congress passed a resolution extending the loan limit increase for another year. The loan limit increase is seen as crucial to keep the economic recovery on track and to ... http://www.governmentrefinanceassistance.com/government-financing-assistance/congress-votes-to-extend-increased-loan-limits-on-fha-and-fanniefreddie-mortgages/ There was an interesting article over at Business Week recently speculating on how soon mortgage interest rates will go up. The short answer is this author thinks we might have relatively low rates through the winter. Here are some excerpts: When the economy—and the real estate market—tumbled in 2008, ... http://www.governmentrefinanceassistance.com/government-financing-assistance/rates-will-go-up-but-how-soon/ There have been several changes to the FHA rules lately. One of those changes will make it harder for consumers to purchase condos with an FHA loan. Here is an excerpt from a recent Bankrate.com/Detroit News article on this subject: The new rules were supposed to take effect Oct. ... http://www.governmentrefinanceassistance.com/government-financing-assistance/new-fha-rules-make-it-harder-to-buy-condos/ A recent article over at CNNmoney.com cited recently released data on the continuing drop of home prices in most markets in the US. If you are considering a refinance to a fixed rate or just a better rate now is the time to contact us in the sidebar to ... http://www.governmentrefinanceassistance.com/government-financing-assistance/home-prices-drop-another-11-and-are-predicted-to-fall-further-in-most-states/