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 Video: FOX 5 Money: Mortgage
Help
Keeping up to 9 million Americans from losing their
homes. That's the objective of the making home
affordable program
Reuters: Treasury sweetens
housing rescue incentives
The Obama administration on Thursday tweaked its
housing rescue plan by increasing incentives for
mortgage lenders to slash the payments for
homeowners in the worst-hit markets.
Washington Post: Plan to
Encourage Banks to Allow Short Sales
Banks could get government incentive payments for
allowing borrowers to sell their home at a loss
rather than go through foreclosure, under new
guidelines issued yesterday for the Obama
administration's $75 billion housing plan.
ABC NEWS: U.S. 'Short Sale'
Plan to Aid Underwater Homeowners
Treasury Secretary Tim Geithner unveiled plans to
help borrowers sell their homes for less than what
they owe -- known as "short sales" -- by providing
incentives for more lenders to accept such sales.
Video: Hundreds Turn Up For
Help With Mortgages
There's a new federal program that could keep
thousands of Chicagoans in their homes. It's called
Making Home Affordable and as CBS 2's Mike
Puccinelli found out, it's designed to do just that.
Wall Street Journal (Gov.
Paterson): Obama's Mortgage Plan Is What We Need
What is sometimes lost in the public
discussion of our current economic crisis, amid the
$787 billion stimulus package and the multibillion
dollar bailouts of banks and insurance companies, is
the root cause. The economic downturn began as a
mortgage crisis and will not end until we solve that
problem.
NY Times: U.S. Sets Big
Incentives to Head Off Foreclosures
The Obama administration on
Wednesday began the most ambitious effort since the
1930s to help troubled homeowners, offering lenders
and borrowers big incentives and subsidies to try to
stem the wave of foreclosures.
Wall Street Journal: Mortgage
Bailout to Aid 1 in 9 US Homeowners
The Obama administration announced
details of a housing-rescue plan it said would help
as many as one in nine homeowners, from low-income
Americans struggling to avoid foreclosure to
well-off borrowers who owe more than their homes are
worth.
USA Today: Housing rescue plan
'should get ball rolling'
The Obama administration Wednesday
outlined details of a $75 billion housing rescue
plan expected to help as many as 9 million American
homeowners rework mortgages into more affordable
monthly payments.
SF Chronicle: Details of plan
to rescue housing Ways to keep people afloat;
refinance, modify loans
The Obama administration unveiled
key details of its housing market rescue program on
Wednesday, including a ceiling on mortgages eligible
for modification that was raised high enough to
potentially help hundreds of thousands of struggling
Californians, real estate experts around the state
say.
Newsday: LI Housing Advocate
Sees Positive Sign for Housing Plan
As the nation awaits word of which
lenders and servicers will join the federal “Making
Home Affordable” rescue plan, one local housing
advocate has seen a positive sign.
Washington Post: U.S. Launches
Wide-Ranging Plan to Steady Housing Market
The Obama administration yesterday
sketched in the details of its most ambitious
attempt to reduce foreclosures and stabilize the
beleaguered housing market at the root of the
economic meltdown.
LA Times: Obama plan aims to
help 'responsible' homeowners
The Obama administration's plan for
a housing rescue aids two groups of homeowners
largely left out of previous efforts and aims to
deny benefits to those who have been unwise or
greedy, according to details released Wednesday.
Boston Globe: Many in Mass.
may get mortgage help
More than 100,000 Massachusetts
homeowners who cannot refinance at current low rates
because of falling property values may now be able
to do so as part of the Obama administration's
housing plan.
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