NAR President Charles McMillan issues a statement on member support for President Obama’s Making Home Affordable plan.
Posts Tagged ‘Obama’
Realtors® Pledge Assistance for Guidelines on Foreclosure Fixes)
March 4th, 2009
Market Snapshot
February 19th, 2009President Obama announced two initiatives to help homeowners avoid foreclosure. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their homes. I’ll be monitoring this information closely as the details continue to evolve.
In other news, Initial Jobless Claims showed that 5 Million Americans are now unemployed and cannot find work.
Currently, Bonds continue to battle tough overhead resistance, which has limited any meaningful price advance over the last few days.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142
Market Snapshot
February 18th, 2009President Obama signed the $787 Billion Stimulus Plan yesterday and will unveil more details today regarding his strategy to help more homeowners avoid foreclosure.
In other news, housing numbers showed continued weakness, as new home construction fell in January well below expectations. The silver lining, however, is that less supply will eventually lead to improvement in the housing sector down the road.
Currently, Mortgage Bonds continue to battle tough overhead resistance, which is keeping a lid on price improvements.
“Your Partner In Success!”
Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142
How will the new Stimulus Plan benefit you and the housing market
February 17th, 2009Just signed and sealed by President Obama…a $787 Billion Stimulus Plan made up of tax cuts and spending programs aims at reviving the US Economy. Although the package was scaled down from nearly $1 Trillion, it still stands as the largest anti-recession effort since World War II. Homeowners and potential homebuyers stand to gain from key provisions within this Stimulus Plan. Here is what I know as of today…
To read the rest of my written article, please visit:
http://www.loanapproval411.com/info_03/page_1.rad
Sincerely and respectfully,
Daniel A. Sosa
PMZ Mortgage Consultant
Office: 209-472-2010 x4716
Cell: 209-298-8017
Email: dsosa@pmzloans.com
Website: www.loanapproval411.com
