For the past few months, The Neighborhood Assistance Corporation of America (NACA), which is a nonprofit group that finds ways to help at-risk homeowners lower their mortgage payments has started their tour to 10 cities in the US to meet troubled homeowners.
Archive for July, 2009
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Mortgage Rates Continue To Drop
July 17th, 2009 
Elisheva Wiriaatmadja After 5 consecutive weeks, the 30-year fixed rate mortgages was at 5.36% at the end of June 2009. However for 3 weeks in July, the rates started to ease and this week it averages 5.14%. Refinancing activities had decreased when mortgage rates was climbing up in June 2009 but last week, application for mortgage refinancing [...]
Student Loan Reform in 2010
July 16th, 2009 Elisheva Wiriaatmadja Obama plans to stop government subsidies to banks and lenders for student loans. This will eliminate private lenders from the federal student loan program. Because of this, all new federal student loans, by July 2010, would only be made by the government’s direct lending program. This bill has received resistance and critics as they say [...]
Your Best Debt Consolidation Program
July 14th, 2009 Elisheva Wiriaatmadja There are many debt consolidation programs that offer you professional help to resolve your debt problems. In today’s credit crunch, more and more of these programs emerge. Struggling borrowers who are looking for debt consolidation help are now targets of debt consolidation scams. The key is to find a legitimate debt consolidation company out of [...]
4 Ways to Help Yourself Get the Real Deal With Debt Consolidation Loans
July 14th, 2009 Elisheva Wiriaatmadja Companies that offer assistance and in return, they earn from it. That is always the case for every business. For one who is in debt, you need to come up with a solution on how to deal with your current financial status, be it a bad credit, low credit rating, so on and so forth. [...]
How To Apply for Mortgage Loan Modification
July 13th, 2009 Elisheva Wiriaatmadja Through the “Making Home Affordable” program, Obama offers help for homeowners and borrowers to modify their mortgage in order to save their homes from foreclosure. Most of the big mortgage lenders agreed to receive incentives from Obama’s program to offer loan modification to their borrowers. However, it has been a few months since this program [...]
Mortgage Relief Ultimatum
July 11th, 2009 Elisheva Wiriaatmadja The Obama administration is inviting the top 25 mortgage companies to a meeting on July 28, 2009. The subject of the meeting will be loan modification and why the nation’s top mortgage companies are not doing more to modify loans.
