http://www.governmentrefinanceassistance.com Helping American Homeowners Obtain Mortgage Relief Thu, 20 Nov 2008 23:00:36 +0000 http://backend.userland.com/rss092 en It looks like the bosses at Freddie Mac and Fannie Mae want to buy a little time for their new loan modification program to take hold. In order to do that they have called for a halt on foreclosures until the start of 2009. Here are some excerpts ... http://www.governmentrefinanceassistance.com/government-financing-assistance/freddie-and-fannie-call-for-temporary-foreclosure-halt/ The release can also be found here. BUSH ADMINISTRATION ANNOUNCES FLEXIBILITY FOR “HOPE FOR HOMEOWNERS” PROGRAM Changes will allow more struggling families to use the program and keep their homes WASHINGTON - U.S. Housing and Urban Development Secretary Steve Preston today announced that the HOPE for Homeowners (H4H) Board of Directors has approved ... http://www.governmentrefinanceassistance.com/government-financing-assistance/new-hope-for-homeowners-standards-press-release-1119/ HUD is realizing that the current HOPE for Homeowners (H4H) plan just isn't working today it anoounced some important modifications to the program. We get this from a recent MarketWatch article on the subject: The changes will give lenders a greater incentive to participate, by allowing them to write off ... http://www.governmentrefinanceassistance.com/government-financing-assistance/hope-for-homeowners-20/ See an AP article on this subject here. The important part about the FDIC plan is that it is much more aggressive and broad than the similar plan the White House and Fannie and Freddie announced earlier this week. The idea behind this plan is that the FDIC wants to ... http://www.governmentrefinanceassistance.com/government-financing-assistance/fidc-still-pushing-its-aggressive-loan-modification-plan/ As we have reported here, the Hope For Homeowners program is a flop so far. Government officials are seeing the same things we are. In an AP story we get this: The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap ... http://www.governmentrefinanceassistance.com/government-financing-assistance/seeking-to-fix-the-broken-hope-for-homeowners-h4h-program/ We get this from the fine folks over at CNNmoney.com: The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners. The plan centers on Fannie Mae and Freddie Mac, ... http://www.governmentrefinanceassistance.com/government-financing-assistance/next-new-foreclosure-prevention-plan-unveiled-today/ The $700 billion bailout money has been set aside but there is a lot of jockeying going on trying to decide how to help slow down the wave of foreclosures at the heart of the world financial crisis. The FDIC is working up a plan that would give incentive ... http://www.governmentrefinanceassistance.com/government-financing-assistance/fdic-and-white-house-wrangling-over-next-foreclosure-prevention-steps/ There was a sobering story over at Businessweek.com discussing the lack of success so far for the H4H program. Here are some excerpts: The government expects only 20,000 troubled borrowers will apply to refinance into more affordable home loans by next fall under a new mortgage aid program passed by ... http://www.governmentrefinanceassistance.com/government-financing-assistance/so-far-not-so-good-for-the-h4h-program/ There is a lot of scuttlebutt in the news lately about plans being floated around Washington to shore up the housing market. We get this from a CNNmoney.com article: The government is expected to announce soon that it will devote up to $50 billion to directly address the source of ... http://www.governmentrefinanceassistance.com/government-financing-assistance/government-weighing-more-proposals-to-fix-housing/ There was an informative article published today by the AP on the ongoing mortgage crisis. The upshot of it was that there are all sorts of factors in play that will likely increase the number of foreclosures and thus decrease home values all over the US. Here ... http://www.governmentrefinanceassistance.com/government-financing-assistance/foreclosure-will-continue-to-mount-and-home-values-will-continue-to-drop-if-you-are-in-an-arm-now-is-the-time-to-look-into-a-fixed-rate-fha-loan/