Around 220,000 homeowners helped who seen value of property plummet
The Associated Press
updated 12:30 p.m. MT,Mon., March. 1, 2010
WASHINGTON - The government is giving homeowners another year to refinance their loans under a little-used program designed to help borrowers whose homes have plummeted in value.
The Obama administration effort, known as Home Affordable Refinance Program, had been scheduled to end on June 10 but will now run out on June 30, 2011, the Federal Housing Finance Agency said Monday.
The program allows borrowers who owe up to 25 percent more than their homes are worth to refinance to lower interest rates.
It was originally projected to help 4 million to 5 million homeowners with loans owned or guaranteed by Fannie Mae and Freddie Mac. So far, it has helped around 220,000, according to the Treasury Department
?? The Car: 2013??Mercedes-Benz SL 550 Where I drove it: Downtown , Pasadena, and the Hollywood Hills. First Impressions: ??It was a dramatic moment when the valet pulled up in the creamy-white 2013 Mercedes-Benz SL550 ??? and I soaked it up.??Let me set the scene:??The Standard Los Angeles??valet lot is just steps away from the .....Read More
BuzzFeed has obtained a three-page memo from Health Care for America Now, an umbrella group run by labor unions and MoveOn.org. The memo details how the organization and other White House allies plan to adopt alternate messages, depending on whether or not the Affordable Care Act is upheld by the Supreme Court. "Note that many of these [resources] ...Read More
Medicare Advantage (MA) is the "private option" within Medicare. Private health insurers are paid a fixed monthly fee to provide at least the same minimum health benefits to their enrollees as "traditional" fee-for-service (FFS) Medicare, but they also have the ability to offer coordinated care, disease management, phone consultations, and other se...Read More
Politico is reporting that House Republicans are preparing for the possibility that the Supreme Court upholds the law by drafting new legislation. "When the court rules, we'll be ready," House Speaker John Boehner (R., Ohio) told the House Republican Conference on Wednesday. But what's surprising about alleged GOP plans is that they involve preserv...Read More
What do the Dalai Lama, Sean Penn, Eminem and Clint Eastwood have in common? Not much, except for controversial car marketer Olivier Francois...Read More
For foodies, it's the equivalent of the Oscars. Last week,??The James Beard Foundation??held its annual awards show at Lincoln Center. Mercedes-Benz presented the Best New Restaurant Award to??Grant Achatz??of??Next??in??Chicago.????Next??opened in 2011. You can't make a reservation, but you can buy a ticket.??The??New York??Times writes, "It is no...Read More
A lot of people are wondering why decided to stop advertising on Facebook just three days before the social media site?s widely anticipated stock offering. After all, it doesn?t look very good to potential investors when the nation?s third largest advertiser says your site isn?t an effective way to reach customers. Facebook has been all .....Read More
Just days before Facebook?s historic stock offering, said it plans to stop advertising on the social media site, concluding that its paid ads don?t have a big impact on consumers. GM spends about $40 million a year on Facebook marketing, according to the Journal, about $10 million of which is for paid advertisements. It will .....Read More
Just days before Facebook?s historic stock offering, said it plans to stop advertising on the social media site, concluding that its paid ads don?t have a big impact on consumers. GM spends about $40 million a year on Facebook marketing, according to the Journal, about $10 million of which is for paid advertisements. It will .....Read More
Harold A. ?Red? Poling, former chairman and chief executive of , died over the weekend in California. He was 86. Poling, who retired in 1994, was instrumental in turning around Ford?s North American operations in the early 1980s when Japanese competitors were clobbering domestic carmakers. Poling focused on cutting costs and restoring quality, and ...Read More
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W. J. Bradley Mortgage Capital LLC. is a direct mortgage lender with lending authorization for Conventional, HUD, FHA, VA, USDA, and Jumbo real estate loans lending with offices in various locations focusing on providing to the people in the communities we serve throughout the United States mostly in the Southwest. We are available to help borrowers achieve the dream of home ownership and assist them as they take advantage of today’s real estate investment opportunities and mortgage rates.
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