Obama Housing Plan Should Help Thousands in Arizona
An article from AZCentral.com, reports that the federal government's "Making Homes Affordable" plan should help thousands of overextended Arizona homeowners reduce their monthly payments. Details of the program were released yesterday. The plan aims to bring consistency and standardization to the loan-modification process. It includes a variety of new financial incentives for lenders and borrowers to participate. There are two major components to the program: one aimed at helping homeowners refinance and one aimed at helping homeowners modify their loans. Homeowners are required to have at least 20% equity to refinance under the program.
http://www.azcentral.com/business/news/articles/2009/03/04/20090304biz-mortgage0304-ON.html
Posted at 11:05AM Mar 23, 2009 by Louisa Ward & Robyn Viktor in General | Comments[0]
