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13 April 2010 | 29 replies
@Rich: I agree with you on the government getting involved with too many things, but this isn't the first time the government is taking such actions.
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3 April 2010 | 2 replies
Key Features of the New Housing Rescue Plan The government’s newest housing rescue effort, which was announced Friday, includes these key tenets:·As much as $14 billion of the Troubled Asset Relief Program (TARP) will be made available to pay for writing down second liens for loans whose borrowers refinance through the Federal Housing Administration.·Lenders that facilitate refinances through the FHA will be required to write down the principal of the first mortgage by at least 10 percent so the home owner has a loan-to-value ratio no higher than 97.75 percent.·Lenders of second liens will be offered incentives of 10 cents to 21 cents per dollar of principal they write down in connection with an FHA refinance.·Borrowers who lose their jobs can apply to have their mortgage payments reduced for three to six months while they search for a new job.·Borrowers with a payment still greater than 31 percent of income after they find a job will be considered for a permanent loan modification.·To encourage more short sales and “deed in lieu†of foreclosure transactions in which the lender settles the loan for less than is owed, the government will double assistance to borrowers to $3,000 and increase incentives to subordinate lien holders and investors to $6,000.
15 April 2010 | 8 replies
Any government policy with regards to loan modifications has been a mess and totally ineffective.4.
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8 April 2010 | 4 replies
I am sure that everone has read (or heard) about the lawsuit that many states have joined about the health care issue.The main claim seems to be about the federal government requiring everyone to buy health care.If this were to succeed somehow, could we see lawsuits over the government requiring everyone to buy no-fault insurance?
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25 November 2010 | 90 replies
There is no other way to define these people.The US Government cannot force a US Citizen to carry health insurance.
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29 April 2010 | 5 replies
Could be all talk but I don't think its worth tangling with the government over.
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11 April 2010 | 3 replies
That said, there may be fewer buyers and those buyers may not be willing to the pay the same prices (because they won't be getting a rebate from the government); but the buyers will always be there.So, you need to figure out how to appeal to those fewer buyers who aren't willing to spend as much.Here are my thoughts:1.
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19 April 2010 | 13 replies
This is the compassionate government run healthcare system at work.
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13 April 2010 | 0 replies
Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements.
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16 April 2010 | 6 replies
FHA/VA: Although this is not a certainty, when the government has paid out a claim to the lender, they may require a note.4.