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A new study shows President Obama’s foreclosure prevention plan is falling short of its promise.
In a report obtained by the Huffington Post, the Treasury Department says instead of reaching 75 percent of struggling homeowners, only one-third are benefitting from the loan modification program.
Some lawmakers are proposing writing down the principal mortgage permanently so that people can afford to pay their loans, but some argue that forgiving a portion of their loan lets people get away from taking responsibility for what they owe.
Read the full story here http://www.huffingtonpost.com
Bank of America customers won’t be getting charged an overdraft fee from now on.
Instead B of A will simply deny a charge if it goes over the balance of your debit account.
New banking rules starting on July 1 prevent banks from charging fees without a customer’s consent.
Read the full story here http://news.yahoo.com
A new poll shows more and more Americans are unhappy with their congressman. This is true for both Democrats and Republicans as a backlash over the healthcare debate, but Americans are still in favor of President Obama. His approval rating is still over 50 percent.
Read the full story here http://news.yahoo.com/
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The Government bailed out the banks, but who helps out the average guy on the street? No one. Banks are dragging their feet with loan modifications. Why? Because if asset values go up, they wont have to show as big a loss. In the meantime, hundreds of good people are losing their homes. We now reveal Insider tips to avoid foreclosures. Its a free report you can get at Save My House Tips.