RUSH: I kid you not. The regime, according to the Washington Post, “is engaged in an effort to make more home loans available to people with weaker credit.” Source: Rush Limbaugh – All Content
Posts Tagged: mortgages
‘Underwater’ Mortgages Decline by 1.7 Million Over Last Year
The number of U.S. homeowners owing more on their mortgages than their homes are worth declined by 1.7 million from a year earlier, according to recently released data from research company CoreLogic. The encouraging news suggests home equity is rising for some, but with 21.5% of U.S. home mortgages still “underwater,” 10.4 million homeowners still… Read more »
Obama Runs PSA on Government Help for Mortgages
The Obama Administration is putting forth a public service announcement trumpeting a plan from the Treasury and Housing and Urban Development Departments to promote “the Obama Administration’s broad strategy to help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.” Treasury Undersecretary for Domestic Finance Mary Miller asserted: While communities across… Read more »
County governments want eminent domain to refinance mortgages
Governments in Chicago, San Bernardino, CA, and Suffolk County, NY plan to use eminent domain powers to provide mortgage relief. Created by Mortgage Resolution Partners, the plan being considered would allow local government to seize mortgages on homes of underwater borrowers using eminent domain laws. The bank holding the mortgage would then receive current fair… Read more »