Obama’s foreclosure plan may back rewritten loans

February 4, 2009 Leave a comment

The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...

Tagged with: Barack Obama borrowers Comptroller of the Currency John Dugan Federal Housing Finance Agency foreclosure mortgage payments regulates

Higher rates coming for most borrowers

January 26, 2009 Leave a comment

Although mortgage rates have settled into a trading range – in the mid 5 percent range – in the last week, Fannie Mae is going to make it a little bit tougher for many borrowers to get the very best ...

Tagged with: borrowers Fannie Mae mortgage rates

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Obama’s foreclosure plan may back rewritten loans

Higher rates coming for most borrowers