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Obama Mortgage Plan May Be Expanded - BusinessWeek - The Diigo Meta page

www.businessweek.com/...obama_mortgage.html - Cached - Annotated View

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atrain2007
Atrain2007 bookmarked on 2009-06-22 foreclosures loan modification foreclosure relief

Making Home Affordable Progarm may Now Work for people with more negative equity.

  • Bloomberg is reporting that Washington may change the terms somewhat. Presently a first mortgage has to be no more than 105% of the market value of the home to qualify for a modification. Now the loans being modified may be as high 125% of the home’s value and still qualify for a lower interest rate.

This link has been bookmarked by 1 people . It was first bookmarked on 22 Jun 2009, by Alan Barker.

  • 22 Jun 09
    atrain2007
    Alan Barker

    Making Home Affordable Progarm may Now Work for people with more negative equity.

    foreclosures loan modification foreclosure relief

    • Bloomberg is reporting that Washington may change the terms somewhat. Presently a first mortgage has to be no more than 105% of the market value of the home to qualify for a modification. Now the loans being modified may be as high 125% of the home’s value and still qualify for a lower interest rate.