Posts from October 26th, 2011

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Crye-Leike Executive Realty Agent Steve Davis Comments on the local housing market in this WBKO TV station?s story - President Obama's New Housing Plan

October 26th, 2011 by Anonymous

President Obama's New Housing Plan

President Obama says he's trying to help struggling homeowners by lowering their mortgage payments.

Posted: 5:59 PM Oct 25, 2011

Reporter: Rachel Markin

Email Address: rachel.markin@wbko.com

President Obama says he's trying to help struggling homeowners by lowering their mortgage payments.

But the proposed change for a selection of homeowners facing foreclosure is getting mixed reviews.

The President's plan gives those who owe more than their home is worth and have a mortgage from Freddie Mac or Fannie Mae the chance to get cheaper refinancing rates without jumping through as many hoops.

The owners must be making their monthly payments.

"I think they're loosening up some of the problems they have in the mortgage industry, the...

Click Here to Read More...

Categories: Crye-Leike in the News