Warning About Mortgages Questions

Mahalo Answers is a great place to start your research into Mortgages questions, but it's not the final answer.

Mahalo Answers is not a substitute for informed professional advice. If you desire or require professional advice, please consult a qualified provider who is licensed in your state or country. You should always seek independent professional advice before acting on any opinion, advice, or information available on Mahalo Answers.

Next Question

Answered Question

sallyjone...

M$1.25 February 18, 2009 07:14 PM

What are some of the details of the Mortgage relief plan?

What can I expect as someone who is struggling to meet their mortgage?

Interesting Question? Yes (1) No (0)

In Mortgages |
|
Report |
Share

RSS

Best Answer Chosen by Asker

kalane

February 18, 2009 07:29 PM

The Associated Press released a brief article on some of the plan's highlights this morning (see link below). Some of these include:
-"$2 billion in competitive grants to communities experimenting with innovative ways to prevent foreclosures"
-"lenders will be required to cut payments to no more than 31 percent of a borrower's income"
-Removing restrictions that prevent institutions from "refinancing mortgages they own or have guaranteed when more is owed on a home than it is worth"
-Keeping "mortgage rates low for millions of middle-class families seeking new mortgages"

I'm sure there will be much more to come
Source(s):
http://www.breitbart.com/article.php?id=D96E37SG0&show_article=1&ca...

Helpful Answer?

(0)

(0) Tip kalane for this answer

Permalink | Report

Answer this Question

Ask a Question

Top of Page

Buy Mahalo Dollars with Credit Card or PayPal

Top Members

This Week All Time

buddawiggi
2nd Degree Black Belt
26710 Points
M$774.34 Earned
kty2777
Purple Belt with a Brown Tip
5216 Points
M$196.67 Earned
opher
Purple Belt
3852 Points
M$152.92 Earned

See All

Most Popular Tags

mahalo(1557)

twitter(940)

iphone(459)

music(458)

google(346)

food(308)

internet(300)

online(286)

beer(275)

money(260)

facebook(249)

movies(248)

apple(248)

aotd(235)

answers(219)

health(216)

video(200)

free(200)

dog(200)

windows(196)

See All

Welcome New Members

eric7788, November 23, 2009 11:05 PM
markhamade2, November 23, 2009 10:47 PM
patanoob, November 23, 2009 10:40 PM
rid466, November 23, 2009 10:35 PM
opsbabymama, November 23, 2009 10:33 PM

Mahalo Dollars are the currency of Mahalo Answers.

Each Mahalo Dollar costs $1.

Once you earn more than 40 Mahalo Dollars, you can request to be paid via PayPal. Each Mahalo Dollar is currently worth $0.75 when paid out via PayPal. Learn More