Time to Review Our Latest Contentby Tim Manni
Here we go again. First, let’s begin by checking out the latest posts on blog.HSH.com:
Friday: “U.S.’s Worst Housing Markets Get More Cash“: Earlier today President Obama announced the latest addition to his Home Affordable Modification Program (HAMP) at a townhall meeting in Las Vegas. Five of the nation’s hardest-hit housing markets — Nevada, Arizona, California, Florida and Michigan — will receive a combined $1.5 billion in aid.
Thursday: “Will the Homebuyer Tax Credit Be Extended?“: While there’s significant sentiment out in the market that the homebuyer tax credit will expire as planned on June 30 2010, we’ve begun to formulate the opinion that the credit will receive its second extension.
Wednesday: “Should Illegals Be Kept Out of Mods?” (2 comments): Representative Kenny Marchant’s (R-Texas) has proposed a bill that would prevent illegal immigrants from both issuing home loans as well as getting loan modifications. Mortgage E-Verify Act involves a web-based tool that could, according to Marchant, save millions of dollars each year that would otherwise be lost to mortgage fraud.
Tuesday: “Borrowers: Have You Even Considered an ARM?” (3 comments): There are at least a couple reasons why you don’t hear much about adjustable rate mortgages (ARMs) anymore. “While ARMs aren’t very popular at the moment, they can still be used to a homebuyer’s advantage,” according to the latest issue of HSH.com’s Market Trends Newsletter.
Monday: “Mortgage Rates Eased Last Week“: Mortgage rates have shown some profound stability lately in the face of turbulent market conditions.
Now, let’s take a step back and look at the new articles that appeared this week on HSH.com:
First-Time Homebuyers: “Down Payment Assistance Still Exists”
Refinancing: “Refinancing for Younger & Older Borrowers”
Home Equity: “Building Home Equity: It All Adds Up”
Government Programs: “HAMP is Hampered: Will New Changes Help?”
Loan Modifications & Help: “Successful Mortgage Loan Modification“