ARCHIVED BLOG POSTS
2008
CHANGES COMING TO FHA LOAN LIMITS, DOWN PAYMENTS & MORE FHA LOAN LIMIT CHANGES Currently in Maricopa and Pinal Counties in Arizona, the FHA loan limit is $346,250. This number was revised in March of 2008 as part of the economic recovery act that also temporarily raised loan limits on conventio...
11/25/2008
Changes To Hope For Homeowners Program: Government Hopes New Plan Will Reach More This past week the government announced that it was changing its underperforming Hope for Homeowners mortgage rescue plan in an effort to spark more lenders and homeowners to participate. The plan took effect on Oct...
11/20/2008
Fannie & Freddie To Suspend Foreclosures Through New Year: Additional Time Taken To Implement New Program The move is expected to give Fannie and Freddie additional time implement the new streamline modification recently announced and set to launch December 15th. The plan enables delinquent borro...
11/20/2008
Who Will Be Aided By New Government Mortgage Program? Most Troubled Homeowners Targeted The recent government proposals say that Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced by the Bush admini...
11/17/2008
US Government Mortgage Plan Announced: Fannie & Freddie Modification Program This week saw the announcement of the federal government's plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac. However, the new plan won't help the majority of people threatened with f...
11/12/2008
New Modification Program Aimed At Homeowners Who Have Not Defaulted: Citi Says New Program Could Reach 130,000 Borrowers Citigroup has announced that it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes. This la...
11/11/2008
ANOTHER MAJOR LENDER STEPS UP MODIFICATIONS: JP Morgan Chase To Review $70 Billion In Mortgages, Including WAMU & EMC In an effort to expand its program to modify mortgage, JPMorgan Chase & Co. announced is expanding its program in an effort to avoid foreclosures on up to $70 billion in loans. D...
11/07/2008
Rainmaker
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