Refinancing proposal for underwater borrowers elicits skepticism Bakersfield Californian
A federal proposal that would make it easier for underwater homeowners to refinance their mortgages is a nice idea, but isn't likely to help Bakersfield's beleaguered houseing market, local real estate experts said Tuesday.
As many as 2 million underwater homeowners could be helped under a bill proposed by senators Barbara Boxer, D-Calif., and Johnny Isakson, R-Georgia, that is now under consideration by the White House.
The Helping Responsible Homeowners Act of 2011, or S.B. 170, would:
⢠Eliminate risk-based fees on loans for which Fannie Mae and Freddie Mac already bear the risk;
⢠Remove refinancing limits on underwater properties;
⢠Make it easier for borrowers with second mortgages to participate in refinancing programs; and
⢠Require that borrowers are able to receive an interest rate comparable to that received by other borrowers in good standing who have not suffered a drop in home value and are current with mortgage payments.
Refinance Help. Fill this form and get help!
Mortgage Loans in BAKERSFIELD, CALIFORNIA
www.lendinguniverse.com Find and compare hundreds mortgage loans in BAKERSFIELD, CALIFORNIA. LendingUniverse - Real Estate Brokers Commercial ...
Refinance a manufactured home?
My fiance has a manufactured home and we are looking to refinance it so his brother can take over the payments. Anyone know of someone who does this type of loans preferably in Bakersfield California. Thanks.
Apex financial specializes in all sorts of homes. If the house is immobile then it really shouldn't be a problem. Check out aapexfinancial.com
Frederick Sweetwyne
Allfund Mortgage
804-271-1300
Tell him that Rashida referred you.
bakersfield home refinance - News
|
Foreclosure bailout irks some taxpayers - AZ Central.com Foreclosure bailout irks some taxpayers Plus, states like California were also breeding grounds for toxic home loans. That state, after all, was home to some of the most notorious lenders such as |
|
Closures & Layoffs (Jan. 18-24); After Holiday Retail Layoffs Begin - CoStar Group Closures & Layoffs (Jan. 18-24); After Holiday Retail Layoffs Begin Circuit City Stores Inc. has begun liquidating its remaining 567 US stores and laying off 30000 employees after being unable to find a buyer, refinance its |