The Obama administration launched what it calls the “Making Home Affordable” initiative today: a $75 billion loan modification program, which runs through 2012.
Here are the highlights:
• Mortgages for single-family properties that are worth more than $729,750 are excluded.
• Interest rates can be lowered to as low as 2 percent and then if necessary, the term [...]
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by Afiya Madzimoyo, ComproTax Affiliate, ATL
Loan Modification is probably the most effective tool you can use presently if paying your mortgage is a struggle. To prevent foreclosure, this is a viable option. With a loan modification, the loan is restructured to be affordable rather than being an overwhelming drain.
Loan modifications can lower your [...]
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If you have bad credit and are looking into a home mortgage refinance, you may be wondering if you will have problems finding a lender who will work with you. For the most part, depending on your situation, you will most likely be able to find a lender willing to assist you in a refinance.
Do [...]
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By Kai Wright
This article appeared in the July 14, 2008 edition of
The Nation. June 26, 2008
http://www.thenation.com/doc/20080714/wright
[Photo] CHRISTOPHER MARTIN George Mitchell and his daughter
Chandra Chavis in front of his home in Atlanta’s
Westwood neighborhood
Research support was provided by the Investigative Fund
of The Nation Institute.
George Mitchell’s wife, Lillian, took her last breath
in [...]
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by Donnie Taylor
PBS INTERVIEW WITH MELVIN OLIVER
edited transcript
Sociologist Melvin Oliver is vice president of asset building and community development at the Ford Foundation and co-author of Black Wealth, White Wealth.
What inspired your studies of race and wealth?
When I went to UCLA it was the common experience of many African American faculty that they could not [...]
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Posted in Credit Improvement, Credit Scores, Debt Reduction, Entrepreneurs, Estate Planning, FICO Scores, Family-related, Home-based Business Support, Mortgage Reduction, Real Estate Taxes, Residential Mortgages, Retirement, Small business, Uncategorized on Jun 11th, 2007 1 Comment »
Bloggers have begun to supplant traditional media in influence and audience in a wide array of areas, none more recent and more profound than in personal finance. Whether their goals are as ambitious as becoming a millionaire or as humble as paying down their credit card debt, tens of thousands of people over the past [...]
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Introduction
I get e-mail every day from people who have been confused by all the bi-weekly mortgage hype. They’ve read my article “What’s [...]
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