If passed, this legislation will extend mortgage debt forgiveness through 2019. It does not appear that Congress has yet come up with a permanent solution to this problem. And even the temporary extension is in limbo in the Senate Committee on Finance, and no action has been taken since December 20, 2017.
This kind of homeowner’s relief is only for people living in the home. House flippers and resellers aren’t eligible. Homes financed with a Fannie Mae or Freddie Mac loan are eligible. If you have financing outside Fannie Mae or Freddie Mac, you won’t be approved for an Obama mortgage under the Making Home Affordable program.
Freddie Mac’s disaster relief policies are targeted to borrowers with homes in jurisdictions President Obama has declared to be Major Disaster. "Freddie Mac is urgently reminding the nation’s.
In 2014, the Obama Administration extended deadline for MHA. Obama’s Mortgage Assistance Plan. The president’s mortgage relief program began in March, but not many people applied at first. As of now, however, 920,000 loan modification offers have been given to about 3 million eligible homeowners. That is a total of 29 %.
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HARP Refinance Is "Not A Scam", Says Government. The most popular headline regarding HARP read "Obama Waives Refi. 2017 – 4 min read 6 low or no down payment mortgage options for 2019.
· President Barack Obama, in his first few days as the newly elected US president, developed policies and programs to help consumers get back on track with their finances and stimulate the economy. This government debt relief program is actually intended for all Americans to avail.
Updated Jan. 5, 2015 – The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualify for this relief.
Obama Student Debt Relief. 845 likes 6 were here. We provide the knowledge and resources on how to reduce or even eliminate student loans for teachers,
obama’s relief for civilian homeowners Under Obama’s housing plan, FHA-insured borrowers would be able to refinance their loans at half the fee FHA currently charges. FHA borrowers who want to refinance now must pay a fee of 1.15 percent of their balance every year.