Obama on the Dollar

Here are some quick articles on getting mortgage help from the government in 2010:

Where’s The Plan On Foreclosures? Force Banks To Reduce Loans!

Some people may not like them, but we’ve got very detailed plans to help the banks, create jobs and improve health care. But where’s the plan to help families facing foreclosures? What’s the airdate for the primetime address on how to prevent potentially over a million families from losing the roof over their heads in 2010?

Even with mortgage help, many default on payments

A record 14 percent of all homeowners with mortgages are behind on their payments. The $75 billion program to help homeowners has drawn some takers but the problem is 40 percent of them become delinquent again within a year.

Here are a few articles on the Obama Mortgage Plan

Lawmakers impatient with Obama mortgage plan

Only one in three homeowners who have signed up for the Obama administration’s mortgage relief plan have sent back the necessary paperwork, highlighting continuing problems for the government’s effort to stem the foreclosure crisis.

Obama Refinance Plan – Making Home Affordable in 2010

The Obama refinance plan was created to help people avoid foreclosure and stay in their homes. The Making Home Affordable plan started in February of 2009 is expected to continue throughout 2010. If you are having trouble making your home mortgage loan payments then the Making Home Affordable plan might help you. One of the objectives of the Making Home Affordable plan is to keep mortgage interest rates very low.

Mortgage delinquencies skyrocket, Obama’s programs not helping much

The combined mortgage delinquency and foreclosure rates hit 14.41% on a non-seasonally adjusted basis — the highest ever on record, according to the Mortgage Bankers Association’s National Delinquency Survey released Thursday. The MBA reported that in the third quarter of 2009, loans 90 days or more past due, loans in foreclosure and foreclosures started all set new records. Only the percentage of loans 30 days past due is still below the record set in the second quarter of 1985.

Free cell phone from Safelink wireless incorrectly called the Obama phone – Obama phone myth busted

You may have heard of Safelink Wireless from a friend or family member. Safelink is not a new concept but rather an expansion of a program that originates over 20 years ago.  The original program, lifeline, was created in 1984 by the Federal Communications Commission (FCC) in an effort to make certain that everyone in the United States had access to quality affordable telecommunications.

Jumbo Loan Refinance – Will Obama’s Stimulus Help You Refinance Your Jumbo Mortgage?

Obama’s 2009 Stimulus Package has come up with happy news for everyone. Its grants, tax credits and loans have lent immense help to needy people – whether they were individuals, family or households. Now this economic Stimulus Package has actually risen up the limit of how large the mortgage can be before it is called as jumbo loan. This limit was earlier $ 417,000. A loan amount below this value could then be refinanced through Fannie Mae & Freddie Mac. It would now be called as the ‘conforming’ loan. These are based on the basis of 100 points. Now this limit has been extended to $ 650,000.