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Home Foreclosure Crisis Continues

March 12th, 2009

More home financing debates have emerged as to whether President Obama’s mortgage relief plan will to stop the millions of homes now in danger of foreclosure in the near future. Consider the many underwater refinance mortgage programs over the last few years like, the FHASecure, Hope for Homeowners and the Home Affordable Refinance. For the most part each one of these programs has stopped short of solving the mortgage crisis. Most of the lenders in the country were simply not able to carry the risk that our government was because of increasing loan defaults nationally. Anthony Mason reports on whom Obama’s housing plan will risk the mortgage banking system.

Foreclosure News, Housing Articles, Mortgage News

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