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2. Making Home Affordable - Wikipedia

   en.wikipedia.org/wiki/Making_Home_Affordable

   The Home Affordable Modification Program (HAMP) is a government program introduced in 2009 to respond to the subprime mortgage crisis.HAMP [10] is part of the Making Home Affordable program (MHA), [11] established in concert with the Hardest Hit Fund program (HHF) [12] under the Troubled Asset Relief Program (TARP), a part of the Emergency Economic Stabilization Act of 2008. [13]

3. Homeowners Affordability and Stability Plan - Wikipedia

   en.wikipedia.org/wiki/Homeowners_Affordability...

   The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]

4. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

5. Obama's Mortgage Reforms: Stronger Standards but Higher Costs

   www.aol.com/2011/02/13/obama-mortgage-reform...

   The Obama administration has proposed a comprehensive revamp of the nation's housing finance business to reduce the nation's dependence on struggling government-backed enterprises Fannie Mae and ...

6. Why Obama's mortgage modification plan is doomed to fail - AOL

   www.aol.com/news/2010-01-19-why-obamas-mortgage...

   President Obama's mortgage modification plan provided assistance to only 7% of borrowers who signed up last year, further adding to the chorus of boos for the much-hyped program. The Associated ...

7. Forget the 30-year mortgage: The 40-year mortgage needs ... - AOL

   www.aol.com/finance/forget-30-mortgage-40...

   “The 30-year mortgage has been the American standard for decades, balancing affordable monthly payments with a reasonable repayment period,” Operation Hope’s John Hope Bryant wrote in an op ...