Archive for August, 2010

Federal Officials: No Plans for Expanding Refinance Programs

Federal Officials: No Plans for Expanding Refinance Programs

Obama administration officials knocked down rumors on Thursday about any plan for new programs-dubbed an “August Surprise” -to streamline refinancing or cut mortgage balances for homeowners in a bid to stimulate the economy without asking Congress for money ahead of the midterm elections.

Government to Forgive Negative Real Estate Equity?

Government to Forgive Negative Real Estate Equity?

On August 17th President Obama may announced that Fannie Mae and Freddie Mac will FORGIVE negative equity…..