Wednesday, April 29, 2009

Obama plan would help borrowers modify second mortgages - Santa Rosa Press Democrat

The Obama administration on Tuesday moved to expand its $50 billion plan to reduce home foreclosures by announcing a new program to help troubled homeowners modify second mortgages or piggyback loans. Under the new plan, the Treasury Department will ..., more 
and Hoboken home foreclosure notice tipped granny to scam - Bridgeton News  Conner Jay/ Journal Photo Grandma's House Scam: A two-month investigation led to the arrest of John Airey on charges he took out a loan on his wife's grandmother's Willow Terrace home in Hoboken. In Hoboken, John Airey, a Rutherford man, has been ..., more 
and U.S. revises program to help homeowners facing foreclosure - Inside Bay Area  The Obama administration Tuesday announced changes to the mortgage rescue program known as Making Home Affordable, adding provisions to reduce payments on strapped borrowers' second mortgages and help more underwater homeowners refinance into ..., more 

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