Years later we refinanced the mortgage under Obama's HARP2 program at 4.5%, and reduced the term of the loan by five years at nearly an equal monthly payment.

Obama administration and the Dodd-Frank act put an end to the Lonnie era of investing.

There is a lot of stress in finding replacement property, identifying, closing, etc. it’s more than 1 form,, HUD statements, previous years tax returns, your tax bracket, Obama care tax add one, etc. 

He wants to bequeath his home to me so that my brothers will always have a home (nothing can be under their names or else SSI and Disability is removed)Issues:There is still a mortgage - he owes on the house more than house is worth (but value is going up)He divorced his 2nd wife who tried to sue for half the property, however this was a premarital purchase, so divorce judge said she had no claims to home.he was in foreclosure before the divorce and was able to save the house under one of the Obama 'save your home programs', however at that time, it was refinanced under both his and her name.Prior to divorce he added her name to deed so in event of his death, the house would not go into probateMy question is if he is divorced now does he have to still legally remove her from deed?

I'm surprised that no one else is discussing this on BP or maybe I just haven't found it but can you please share your thoughts regarding today's news, "Obama to back mortgage finance reform to speed housing recovery".

Hi BP,President Obama was in Phoenix earlier this month and announced that mortgage insurance on FHA loans is being reduced by 1/2% from 1.35% to .85%. 

I buy in lower income neighborhoods because the price point is great, and there is alot of money going into revitalizing john hopkins mid east neighborhood.

Obama and Co. will kick the can down the road until the whole thing implodes which will be much worse than 2008.

And with mortgages, just like bonds, yields and price move opposite of each other.I do not want this to become political, but it is MY BELIEF that if Obama gets re-elected, we will see Unemployment hit 15% within a year and we might see 30 Year Mortgages drop below 2%.

Right now it is Chinese money; many years ago it was mid-East money (anyone remember the 70's?).