Comments on: Obama’s Mortgage Relief Plan: Details are out on the “Making Home Affordable” program

By: real estate in panama

real estate in panama — Fri, 15 May 2009 19:43:24 +0000

This plan is tiny. $75 billion is a tiny, tiny compared to the size of the housing mortgage market. The refinance part will not help much. You can get refinancing out side the 20% rule now. It is very easy. You just have to make PMI payments.

Regards, Shane, Guy into real estate in panama

By: Rav

Rav — Thu, 26 Mar 2009 12:29:56 +0000

nice post, I hope Obama Relief plan works…

By: Brewer Caldwell

Brewer Caldwell — Wed, 25 Mar 2009 23:00:36 +0000

I am in agreeance with that. I am not 100% sold on it yet. Lets let the results speak for themselves when all said and done. I hope this works and hope that I can benefit from it as well as all the other homeowners that are hurting.**Brewer Caldwell´s last blog post..Brewer Caldwell is the BEST

By: Imee

Imee — Thu, 19 Mar 2009 10:51:45 +0000

I'm no super sold on this whole plan, but upon reading on various articles and opinions about it, I think it may just work. I'm curious to know how it will turn out, but I hope it will work for all the millions of people who need help with their homes.**Imee´s last blog post..Housing Bailout Plan to Help Homeowners

By: Leon Belenky-Ocean 4 Realtor

Leon Belenky-Ocean 4 Realtor — Tue, 17 Mar 2009 03:31:40 +0000

Thanks to Jay and everyone else for all the great links on the MHA bill-I’m still going through it all and trying to digest how this might help. I really am hopeful it will help a lot of people.

By: Jim

Jim — Mon, 16 Mar 2009 15:43:00 +0000

Hi John, I developed that free eligibility calculator (and it’s new and improved now)

It’s on:

http://www.homeaffordplan.com

The site you mentioned above doesn’t have anything on the Plan.

- Jim

By: John Williams

John Williams — Mon, 16 Mar 2009 08:33:50 +0000

Took some research but try these websites. Together they seem to cover it all.

If your loan is held by Freddie or Fannie, you might qualify for a refi or loan mod.
First, find out if your loan is held by Fannie or Freddie. Contact them here to find out. They give you the phone number to call Fannie and Freddie directly to see if your loan is held by one:
http://www.financialstability.gov.

For an idea whether you even qualify, even if your loan is held by Fannie or Freddie, you can calculate your eligibility here:
http://www.making-home-affordable.com

I’d also call HUD. I don’t have their number but you go to:
http://www.hud.gov

And last but not least is MortgageBreakDown, in my opinion one of the best new mortgage sites for independant information available. Easy to read, navigate and contains solid information:
http://www.mortgagebreakdown

By: More on Obama’s Housing Plan

More on Obama’s Housing Plan — Fri, 13 Mar 2009 14:12:27 +0000

[...] Obama’s Mortgage Relief Plan, analyzed by the PhoenixRealEstateGuy [...]

By: Scott@Exit Realty Nova Scotia

Scott@Exit Realty Nova Scotia — Thu, 12 Mar 2009 23:31:07 +0000

I’m glad the help that is needed is finally getting out the door. Lets hope this is the bottom of the barrel with a quick recovery in the real estate market. To think of all of the poor familys that have already lost their homes.

By: Amy

Amy — Wed, 11 Mar 2009 15:39:52 +0000

I sure hope this helps many families to keep their homes! If they lose their jobs and their homes and their credit is ruined, they may end up living in tents and the taxpayers will end up spending a lot of money supporting them with food stamps and other entitlement program monies. I'd much prefer seeing them staying in ther homes!**Amy´s last blog post..Drove me batty