News about FHA Secure, Hope Now, and other FHA reform. http://fharefinancemortgages.com Thu, 20 Nov 2008 02:51:27 +0100 FeedCreator 1.7.2 http://fharefinancemortgages.com/images/M_images/joomla_rss.png http://fharefinancemortgages.com News about FHA Secure, Hope Now, and other FHA reform. http://fharefinancemortgages.com/Government-News/Huge-Rate-Cut-Economy-Still-Sags.html 03-19-08 The fed cut rates by three-quarters of a point bringing the Fed funds rate down to 2.25% and marks the most aggressive moves by the Fed in recent years. But this was less then the ½ point decrease that most investors where hoping for. Nonetheless this shows that the current... Wed, 19 Mar 2008 18:06:59 +0100 http://fharefinancemortgages.com/Government-News/Home-Values-Expected-to-Keep-Decreasing.html 02-29-08 Home values keep declining across the country at record pace. The home price index fell 8.9% from last year the biggest decline in 20 years year to year. This has a compound affect on the economy which will result in consumers spending less and less and banks making lending standards... Fri, 29 Feb 2008 15:10:09 +0100 http://fharefinancemortgages.com/Government-News/More-Housing-Stimulus-Bills.html 02-18-08 Democrats are turning there attention to the worsening housing market and trying to drive further stimulus into the market. One of the proposal that is drawing criticism from Republicans is the proposal to adjust bankruptcy laws and give judges the power to change the terms of mortgages. The current White... Mon, 18 Feb 2008 12:32:02 +0100 http://fharefinancemortgages.com/Government-News/Project-Life-Line-Not-Enough.html 02-13-08 Project Life Line was announced yesterday as part of the Hope Now alliance to help homeowners stay in their homes and pause foreclosure. The program would freeze the foreclosure process for 30 days while you attempted to renegotiate or refinance your mortgage. What has been clear from many people seeking... Wed, 13 Feb 2008 17:20:51 +0100 http://fharefinancemortgages.com/Government-News/Don-t-Wait-to-Refinance.html 02-04-08 Now is the time to refinance your mortgage if you have anything above a 6% note. Rates currently around 5% for standard 30 year mortgages will likely not get any lower as the Fed eyes inflationary pressures which it has always vowed to fight swiftly. Refinance applications surged by 22% from... Mon, 04 Feb 2008 23:24:43 +0100 http://fharefinancemortgages.com/Government-News/Feds-Might-Buy-Bad-Mortgages.html 01-25-08 It was suggested by the Senate Banking Committee Chairman Christopher Dodd that the government should buy these bad loans and put them into FHA programs or have them secured by Fannie Mae or Freddie Mac, possibilities of creating a new government agency also where mentioned. Similar ideas where posted last... Fri, 25 Jan 2008 13:18:47 +0100 http://fharefinancemortgages.com/Government-News/Some-Subprime-Borrowers-Get-Break.html 01-24-08 Mortgage companies and banks are more willing then ever to help distressed borrowers avoid foreclosure since allowing a borrower to enter foreclosure can lead to massive write downs. During the second half of last year over 370,000 troubled homeowners got help directly from their bank or servicing company, often renegotiating... Thu, 24 Jan 2008 15:44:23 +0100 http://fharefinancemortgages.com/Government-News/Emergency-Rate-Cut.html 01-22-08 This morning the Federal Reserve made the biggest rate change since 1994 which brought the Fed Funds rate down to 3.5%. This emergency cut comes as no surprise because last week the Fed was urging emergency action needed to take place in the form of a stimulus package and that... Tue, 22 Jan 2008 10:57:17 +0100 http://fharefinancemortgages.com/Government-News/Conforming-Limits-to-$600000.html 01-21-08 Mortgage rates continue to drop nationwide as the federal government desperately tries to fight recessionary pressures. At this rate more then 37% of all homeowners could refinance and save a significant amount of money from the lower rates. As of right now it looks like there is no bottom in... Mon, 21 Jan 2008 22:48:27 +0100 http://fharefinancemortgages.com/Government-News/White-house-Releases-Outline-for-Growth-Package.html 01-18-08 The White house has urged congress to act quickly based on the recommendations of the Treasury Secretary Ben Bernake. Some of the key points with regard to housing reform will be mentioned below. President Bush reinforced his call for FHA reform today urging congress to modernize the FHA and enable it... Fri, 18 Jan 2008 23:14:18 +0100 http://fharefinancemortgages.com/Government-News/Bush-Explains-Stimulus-Package-for-2008.html 01-18-08 President Bush today gave some detail for his economic stimulus package for 2008. The goal of this package is to hold off and prevent a recession from taking foot. There are a number of factors as to why we are in the situation we are in now however the largest... Fri, 18 Jan 2008 11:40:37 +0100 http://fharefinancemortgages.com/Government-News/Mortgage-Relief-on-the-Way-in-2008.html 01-17-08 Federal Reserve Chairman Ben Bernake advised congress today that action needs to be taken in order to the US Economy to avoid recession. He advises that a stimulus package be put together by Congress and passed quickly. Key pointers that he mentioned included releasing $75 Billion in the form of... Thu, 17 Jan 2008 11:21:43 +0100 http://fharefinancemortgages.com/Government-News/Will-Americans-Get-Help-With-Rates.html 1-12-08 The treasury secretary suggested that banks should relax loan terms for those with adjustable rates in an effort to ease foreclosure pressures. He went on to further state that the plans in progress to help homeowners should be further expedited and made available as soon as possible and to... Sat, 12 Jan 2008 15:14:16 +0100 http://fharefinancemortgages.com/Government-News/Bush-to-Push-for-Housing-Fix.html President Bush plans to further pursue plans for the FHA to help millions of American avoid foreclosure. Ed Gillespie a top Bush adviser told reporters the president wants to “help make the market more stable”. As the housing sector continues to suffer from defaulted subprime loans top policy makers are... Thu, 03 Jan 2008 20:41:03 +0100 http://fharefinancemortgages.com/Government-News/HUD-News-in-Ohio.html The U.S. Housing and Urban Development recently has announced they are offering special incentives to homebuyers who buy a HUD-owned property in Ohio. A HUD home is a one- to four-unit residential property that has been acquired by HUD as a result of a foreclosure action on an FHA-insured... Wed, 02 Jan 2008 22:01:42 +0100