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Tag Archives: Loan Modification

HARP and Loan Modification – Making Home Affordable Program: Refinance Relief for Responsible Homeowners

by on December 13, 2010 in Refinance Mortgage

At Quicken Loans, our goal is to make sure you’re always in the best mortgage for your financial situation. As you’ve heard in recent news, [...]

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Watch-It Wednesday: Making Home Affordable

by on September 22, 2010 in Refinance Mortgage

In this week’s Watch-It Wednesday, Allison Snell discusses the Making Home Affordable plan and how Americans have found mortgage relief via loan modification and refinance programs.

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Options for People in Underwater Mortgages

by on June 28, 2010 in Refinance Mortgage

Many Americans are making their payments on time, but owe more than their home is worth and are struggling to find relief or refinance. Here are some options for people in underwater mortgages.

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Obama Administration Announces HAMP & FHA Enhancements

by on April 2, 2010 in Homeowners Tips

On March 26th, the Obama Administration announced changes to the HAMP or Home Affordable Modification Program, as well as a new FHA (Federal Housing Administration) program to help stabilize the housing market. These changes are aimed at helping homeowners who owe more on their loans than their home is worth – also known as underwater, to prevent foreclosures and work with lenders to help homeowners keep their homes.

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Decoding President Obama’s Housing and Loan Modification Plan

by on March 16, 2009 in Mortgage Rates

The “Making Home Affordable Plan” was created to help two groups of homeowners: People who are making their mortgage payments, but were unable to qualify for refinancing in the past because they owe more on their house than it’s currently worth and people who are at risk for imminent foreclosure.

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Decoding President Obama's Housing and Loan Modification Plan

by on March 16, 2009 in Mortgage Rates

The “Making Home Affordable Plan” was created to help two groups of homeowners: People who are making their mortgage payments, but were unable to qualify for refinancing in the past because they owe more on their house than it’s currently worth and people who are at risk for imminent foreclosure.

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Details of $75 Billion Loan Modification & Refinancing Programs Released

by on March 4, 2009 in Market Update

The details of the federal government's $75 billion loan modification plan to were released this morning. According to Housing Secretary Shaun Donovan, the plan will help financially stabilize up to 9 million homeowners.

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Government Announces Loan Modification & Foreclosure Prevention Plan

by on November 14, 2008 in Mortgage Rates

On Tuesday, the Bush Administration laid out a plan to rescue struggling homeowners and put an end to the crippling housing market. The plan is based around the mortgages held by now government-run Fannie Mae and Freddie Mac. The details of the plan are as follows…

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$700 Billion Bailout Approved With Some Changes

by on October 3, 2008 in Market Update

Early this week, it seemed like Congress would never come to an agreement about the much-buzzed-about financial bailout. But there was a meeting of minds today and one of the most historic Government moves of all time was set into place.

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