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“Wag the Dog” is a euphemism for when a politician in trouble wages a war or does some other diversion to get the heat off his back. President Obama, it appears to me, is doing a “Wag the Mosque” as a smokescreen for a tanking deflation economy during his administration and to help his parties election chances in the November 2010 midterm elections. With only a couple months until the elections, they are in big trouble. Some pundits say the Democrat Party may loose control of both houses of congress.

Why else would President Obama suddenly take the moral high ground and come out in favor of building the Manhattan Muslim mosque so close to the site of the 9/11/2001 World Trade Towers ground zero attack? He knew 70% of New Yorkers are against building the 51 Park Avenue Islamic place of worship at that particular site. It is like rubbing salt in our wounds. Is a “Wag the Dog” war with Iran next?

Continue reading ‘President Obama Does “Wag The Mosque” in a Deflation Economy’ »

Are you having difficulty getting your mortgage servicer to work with you on a Making Home Affordable (MHA) loan modification? The below list of 37 mortgage servicers have committed by signed contract to this program. In addition, all servicers for mortgage loans owned by Fannie Mae and Freddie Mac are required to participate! If your home is in Illinois and you want to investigate whether you qualify for the home loan equivalent of “Cash for Clunkers” then contact a real estate attorney or use the free online evaluation at illinoismortgagemods.com

The MHA program is the first real loan modification program that is making worthwhile modifications whereby homeowners come out of it with a payment they can afford. These modifications are proving to have a much lower re-default rate than previous half-hearted efforts that amounted to not much more than forbearance plans.

Continue reading ‘37 Mortgage Servicers Commit to Obama Plan’ »

The Federal Government under President Barack Obama started a mortgage bailout program early in 2009 to help struggling home owners who were saddled with mortgages they could no longer afford. Included in the new plan was $75 Billion dollars which was allocated to help slow the alarming foreclosure rate in North America.

Can I Save My Home With The Obama Mortgage Plan

The answer is maybe but unfortunately the plan will not help every single troubled home owner! While the plan does set aside money to help people there are guidelines those people will need to meet. This is to make sure the tax payers are not giving a bailout to someone who will be back in the same situation within 12 months. Continue reading ‘The Obama Mortgage Plan – Who Will Qualify For the Presidents Plan and How Will it Help Them?’ »

If you are facing foreclosure is it worth the effort to put some papers together and send them over to your lender for review and hope everything just works out? Loan Modification Criteria is available for Obama’s Home Affordable Plan. By throwing these papers together without properly preparing your application according to the criteria is taking a big chance on your families financial future.

Because the Treasury Department has mandated the approval guidelines and loan modification criteria it makes sense to take the time and prepare a proper package before applying for an Obama Home Affordable Modification. Continue reading ‘Obama's Home Affordable Plan – Loan Modification Criteria’ »

With all the foreclosures on the market today, many homeowners have been looking for help with their mortgage loans without much help over the last few months. The Obama administration has released a $75 billion plan to refinance and modify loans for those that need the help to stay in their homes. This does not mean that every American can ask for help and receive it, there are strict guidelines, but it should stop the downhill slide of more foreclosures and bring an upturn in the economy especially where home loans are considered. The money that is being used for this loan modification program is actually coming from the $700 billion Tarp I that was approved in late 2008 under the Bush Administration. Continue reading ‘Obama's New Plan to Help People With Their Home Loans’ »

The average American carries personal debts of over $8,000 in credit cards alone, approximately $12,000 in car payments, and $200,000 in home loans. What this means is not only the personal stress of financial struggles, but a national crisis in the current economically unsound environment.

We’ve all heard of Obama’s Stimulus Package. Banks and big businesses have been bailed out, but with the high rate of unemployment and the number of unpaid furlough days now required, we are still having difficulties making our bills every month. What if the government were to allot personal grants to those in financial binds? Continue reading ‘Americans Swamped in Debt Can Boost the Economy by Helping Themselves – Obama's Debt Relief Grants’ »