Lenders are having a harder time putting together loans for purchasing homes. .. I keep going back in my mind to the Christmas movie we see every year: “It’s a Wonderful Life.”
Just read an article about loan modifications, and what has been happening. … it makes no sense to make a loan payment even more impossible to pay unless you want the person to fail.
President Obama just announced his plan to help homeowners, the “Homeowner Affordability and Stability Plan.” … The help to homeowners comes mostly in encouraging lenders to refinance mortgages with lower rates. This makes good sense to me.
