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Hello and welcome to the Reside Daily Bite; I’m your host, David Doucette. Today I want to talk to you about an article that recently came out of CNNMoney.com and it is titled, “Unemployed? Get a Federal Loan to Help Pay Your Mortgage“. An interesting program and what homeowners will be able to do is apply for a no-interest government loan for up to $50,000 to pay your mortgage and cover your arrears. What it will do is it’s going to offer assistance for up to two years and it will be forgiven if the homeowner stays in the house for five years. Let’s take a closer look.
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I discuss a news piece that aired on 60 minutes last night about a new trend of homeowners walking away from their mortgages even though they can afford their home payments because their mortgage is “underwater”.
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new podcast episode!

Fannie, Freddie, FHA Oh My! with David Garrett, Mortgage Banker
special guest: david garrett
listen now!