Posts tagged as:

barack obama foreclosure

Obama mortgage refinancing program to 125% loan to value

by Moe Bedard

Good news to the millions of underwater homeowners who need a life raft, vest and an island to hold on to. It looks like Obama has a new refinance program that will assist borrowers with homes worth up to 125% of the current market value.

With the rapid deterioration in real estate markets all over the [...]

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Consumers may get a new watchdog. The banks object, what’s new?

by Moe Bedard

We all know down here on Main Street that most of the financial services industry is trying to fly under the regulatory radar so that can lie, cheat and steal in order to turn a profit. Right?
It seems like many of these bankers do not want to really provide true value to the people in our society. It appears that [...]

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Homeowners Not Receiving Promised Help

by Moe Bedard

I am glad to see major media publications starting to report the truth again. The facts are that homeowners  still are not getting the help they deserve from mortgage servicers.
Even with Obama, the US Treasury, OCC, OTC etc up their arses, these lenders and mortgage servicers operate like they don’t give a rat’s arse what anyone says. Where [...]

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Servicers are Finally Coming Around

by Moe Bedard

By Moe Bedard 
 

It’s no secret that loss mitigation departments are notorious for terrible customer service. They treat people like criminals for having financial problems. Over the years I’ve written numerous articles suggesting how loss mitigation departments can improve their customer service. First and [...]

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Obama administration delay foreclosure rescue details

by Moe Bedard

Few people would argue that there is a simple solution to the current mortgage and housing crisis. This crisis, however, has been brewing for years and now through two administrations. Is it sufficient that the present administration can clearly articulate the problem or is it time that we begin to demand specific answers from our [...]

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FACTBOX: Obama’s new priorities for financial rescue fund

by Moe Bedard

A link to some of the new initiatives and reforms to the Troubled Asset Relief Program favored by the Obama team that have backing from Rep. Barney Frank, the chairman of the House of Representatives Financial Services Committee.

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Foreclosure Fighter Obama Says, “Allow Bankruptcy Court Judges to Modify Mortgage Payments”

by Moe Bedard

Turn on the TV today, and there’s a pretty good chance you’ll hear the line, “and I approve this message.” 
Yes, we’re in the heat of one of the most competitive Presidential campaigns in modern history, with more advertising spend than any previous election. While it is possible to gleam information from these ads, as well [...]

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Obama Remains Silent on the Foreclosure Front as Clinton Takes Command

by Moe Bedard

Homeowners need a voice in government. I have been watching to see what democratic presidential candidate would step up to the foreclosure plate and it looks like we have a slugger at the plate. Hillary Clinton! 
Hillary Clinton seems to address the American peoples concerns as Barack Obama tends to ignore them. A quick visit to [...]

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