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The most comprehensive information about federal rescue plan for troubled homeowners as a part of a bailout package. All about loan modifications and the ways to save your home from foreclosure.

Owner: valterdaw

Listed in: Real Estate

Language: English

Tags: mortgage, bailout, foreclosure, loan, modification

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Latest Blog Posts for Less Mortgage Blog

  • Paulson vs. Top Lawmakers
    on Nov 18, 2008
    Today, top U.S. lawmakers put Treasury Secretary Henry Paulson under pressure in order to allow usage of bailout money to save 1.5 million houses from foreclosures. Unfortunately for them, Paulson still thinks, that no matter what program will be acc...
  • To pay or not to pay?
    on Nov 17, 2008
    Many homeowners are facing a tough decisions now. With housing prices dramatically declining here and there, many homeowners are stuck with upside down mortgage - they owe more then their house worth today. Add to this lenders constantly raising rate...
  • FDIC comes out with a new proposal
    on Nov 14, 2008
    Today, FDIC chairwomen Sheila Bair unveiled new plan on loan modifications for troubled homeowners. In short, the details are: Mortgage payment for delinquent borrowers would be reduced to 31% of gross monthly income To get here interest rates will...
  • OMG! U.S. Changes plans on how to use $700 billion
    on Nov 12, 2008
    Today U.S. Treasury Secretary Henry Paulson told a news conference that asset purchases (bad mortgages) were not the most effective use of the funds. They appeared to be a month ago, but not now. Instead of that, these funds should be used to stabili...
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