by evan | Feb 20, 2009 | Rockwall Texas Living Video Blog
The Homeowner Affordability and Stability Plan, introduced this week by President Obama, is intended to help seven million to nine million families avoid foreclosure by restructuring or refinancing their mortgages. The plan includes three main elements: •...
by evan | Oct 8, 2008 | Rockwall Texas Living Video Blog
Countrywide Financial, in an effort to resolve lawsuits against it, has launched the largest program ever to help struggling homeowners in Texas and ten other states. The lender, recently acquired by Bank of America, will provide a total of $8.7 billion to borrowers,...
by evan | Feb 13, 2008 | Rockwall Texas Living Video Blog
Working with national community advocacy group Association of Community Organizations for Reform Now (ACORN), Countrywide Financial Corp. plans to expand programs that could help borrowers hit by the subprime mortgage fallout. The latest initiative calls for...
by evan | Dec 7, 2007 | Rockwall Texas Living Video Blog
President Bush announced this week plans for a five-year freeze on interest rates for subprime mortgages. “We should not bail out lenders, real estate speculators or those who made the reckless decision to buy a home they knew they could never afford,”...
by evan | Oct 12, 2007 | Rockwall Texas Living Video Blog
The Bush administration has announced a new mortgage industry coalition aimed at helping homeowners avoid foreclosures. Treasury Secretary Henry Paulson said the initiative, called HOPE NOW, would coordinate efforts by financial companies to help an estimated two...