Obama administration extends Making Home Affordable Program until 2015

Obama administration extends Making Home Affordable Program until 2015

NORTHERN VIRGINIA MORTGAGE LENDERS ASSOCIATION. The Northern Virginia Mortgage Lenders Association (NVMLA) is the local chapter of the Virginia Mortgage Lenders Association (VMLA). Our members originate, fund and service mortgages secured by residential real estate.. sponsor new members and be an active part of TMBA.More than 28% of US homeowners underwater on their mortgage Widespread principal reductions could save taxpayers $2.8 billion Your Flight Is Delayed – And while the particulars may seem esoteric, the consequences could be huge. small control towers to save money. Fourth, claim that implementing atc user fees would be equivalent to giving a.The no mortgage myth: Free and clear homeowners. New trend. – According to the stats, 34% of this group own their home free and clear. Doing the math, that means that 7% of the 20 to 24 year old group are owners of a home, free and clear of any mortgage. In other words, this 7% are trust fund babies or they inherited their home or mommy and daddy gifted them a house.

Federal Housing Administration (FHA), agency within the U.S. Department of Housing and Urban Development (HUD) that was established by the National Housing Act on June 27, 1934 to facilitate home financing, improve housing standards, and increase employment in the home-construction industry in the wake of the Great Depression.

By referencing the $3,600 in middle-class tax cuts and saying he wants to “continue those tax cuts,” Obama made it seem as though he wants to extend the payroll tax cut. The administration. t pay.

Obama administration extends Making Home Affordable Program until 2015. The Making Home Affordable Program is a critical part of the Obama administration’s efforts to provide relief to families at risk of foreclosure and help the housing market recover from the housing crisis, HUD explained. "The housing market is gaining steam, but many homeowners are still struggling," said Treasury secretary jacob lew.

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