Obama’s $100 Billion Home Mortgage Give-away
Obama home mortgage give-away
What do you do if the majority of your ideas (to help the housing market were colossal failures? See my 6-27-10 post: Modified Mortgage Default Rate is Sky-High.
Well, way not use taxpayer money for a massive give-away? The latest rumor says president Obama is considering ordering Fannie Mae and Freddie Mac to perform major mortgage forgiveness as a way to buy votes for the November election. Read more 
New Government Under Water Homeowner Programs
government foreclosure program
Under an Obama administration program due to begin in the next few weeks, many borrowers who get reduced payments on their first-lien mortgage through the administration’s Home Affordable Modification Program automatically would get a break on their second-lien mortgage. Read more