Archive for April, 2009

Second lien policy added to Making Home Affordable Program

Wednesday, April 29th, 2009

The Obama administration released details on the second lien program which is the latest initiative under the Making Home Affordable Program. This is designed to facilitate and increase the success of the first lien modification program. There are two options for second lien holders:

1. Modification: Reduce mortgage rates for five years, after which the rate will step up to the then-current rate on the first lien. For amortizing mortgages, the rate will be reduced to 1% and for interest-only loans to 2%.

New Car Payments for Layoff Victims

Tuesday, April 14th, 2009

Ideas on extending the usefulness of sewing patterns, reducing the cost of razors, using cheaper

Thursday, April 2nd, 2009
April 2009
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