The first one is the Newly Expanded HARP program. Yes Obama did do something good for our industry. This should help 1-1.5 million homeowners reduce their interest rate from say 6% to today’s 4% 30 year fixed rate even if they owe more than the home is worth. This will help reduce the amount of foreclosures coming.
The second one is that Senate Passed a Bill to Raise Loan Li.. See More.