Helene Moore's Blog

Preventing foreclosures is critical for the nation’s economic recovery, and the Obama administration’s plan to help millions of homeowners who are at risk of losing their homes is a vitally important piece of legislation needed to help our nation get back up and running. 

When folks lose homes to foreclosure, our communities, the housing market and our economy all suffer.

The administration’s proposed plan, combined with provisions like the $8,000 first-time home buyer tax credit in the just-enacted American Recovery and Reinvestment Act, will help minimize foreclosures, shrink housing inventory, stabilize home values and move the country closer to an economic recovery. 

Under another element of the program, Fannie Mae and Freddie Mac will help make monthly payments more affordable for 4 to 5 million homeowners by refinancing mortgages with loans that these entities own or guarantee. The plan provides more fiscal support for Fannie Mae and Freddie Mac, which will in turn help keep mortgage rates low for all buyers and could lead to even lower rates. 

President Obama’s $75 billion Homeowner Affordability and Stability Plan would help struggling homeowners by providing incentives to lenders, loan servicers, mortgage holders and borrowers to help modify existing mortgage loans. The U.S. Treasury Department will be issuing uniform guidelines in two weeks and I’ll be bringing you an easy understanding of these guidelines .
Windermere Prestige Properties
Helene M Moore
WWW.MooreVegasHouses.com