Mich., other states rush mortgage plans - Traverse City Record-Eagle
... Department's Fund for Hardest Hit Housing Markets on March 5 gave housing finance agencies in California ... losses, unable to refinance because plunging home values have left them "underwater," or to give relief from second mortgage payments.
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California Foreclosure Trends - PR Inside
... never missed a payment on their loan may refinance ... borrowers in California are not eligible for help under Obama's plan because they owe much more on their loans than their homes are worth. To qualify for one of Obama's programs, a mortgage'
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Pay Option ARM Recasts: Is There More Pain on the ... - MortgageNewsDaily.com
... initial teaser interest rate, enabling people to take on larger mortgages in the expectation that they could sell or refinance later. These loans were most popular in the hottest mortgage ... risk option ARMs—California, Florida, Nevada, and ...
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Michigan must develop plan for anti-foreclosure funds - The Michigan Messenger
... distribute $1.5 billion to foreclosure prevention efforts by state housing agencies in California ... losses, unable to refinance because plunging home values have left them “underwater,” or to give relief from second mortgage payments.
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