Sarasota Florida Homes for Sale » MHA Program Update http://www.sarasotaflareahomes.com/blog Thu, 24 Jun 2010 15:54:53 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 President Announces Making Homes Affordable Program Update. http://www.sarasotaflareahomes.com/blog/2009/04/30/president-announces-making-homes-affordable-program-update/ http://www.sarasotaflareahomes.com/blog/2009/04/30/president-announces-making-homes-affordable-program-update/#comments Thu, 30 Apr 2009 23:52:11 +0000 Biggar Real Estate http://bigfloridarealtors.wordpress.com/?p=114 The Making Homes Affordable Program (MHA) has a recent update, announced April 28, 2009 by the White House. The program offers addressing the Second Lien Program and Support for Homeowners.

The Second Lien Program will reach 1 to 1.5 Million Homeowners to reduce loan interest, pay for success incentives and a payment schedule for extinquishing second mortgages.

The Support for Homeowners Program includes making the home affordable by requiring servicers to refinace in tandem with MHA trial modification, pay for success incentives, more principal writedowns, legislation to help homesowners, and U.S. Treasury purchase of special Ginnie Mae Pools to provide liquidity.

Both of these programs need to pass the U.S. House of Representatives and the U.S. Senate.

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