What Does the Mortgage Bailout Mean?

October 4 2008one Commented

Categorized Under: General mortgage information

Good morning readers,

Saturday feels oh, so good after the heck of a week the market took thanks to all of the subprime credit

homes in foreclosure

problems institutional lenders have been seeing. Think about it, if we were talking inside of a Starbucks one year ago to the day and I told you that by this time next year Washington Mutual, Merrill Lynch, and Wachovia would all be out of business you would of thought I was the most ignorant person you’ve ever met, yet here we are!

So, with both Presidential candidates Barack Obama & John McCain coming to the housing market’s “rescue” and the Senate passing the 700 Billion Dollar bailout we have to ask ourselves… “What Does this mean to me?”

Well, for us it  means that we get to watch our fellow Americans get the help they need through mortgage relief. This 700 Billion Dollar Bailout reminds me a bit of a service we started offering (several months ago) called loan modification. It’s where we take your mortgage if you’re either behind, late, or simply have a bad deal and we negotiate more favorable terms for you through our processing company which is attorney owned. Click Here to learn more about our loan modification program.

The more important question that I’ve been asking myself is “What Does the Mortgage Bailout Mean to Me Being a Lending Professional?” Well, after thinking about it… Not much considering I’ve never sold a subprime loan and I know that my fellow staffers are FHA professionals as I am. (Remember: FHA means Federal Housing Administration, we’ve always used services backed by the government.)

So, to close out this week and welcome a new Sunday and another week’s birth it’s time to step back and watch the financial & real estate market try to figure out how to right their wrongs while we do what we’ve always done:

Deliver home financing, backed by the government, for well-deserved people while we do our best to help others avoid foreclosure.

Heck, maybe we should run for President we can do more than any candidate can!

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One Response to “What Does the Mortgage Bailout Mean?”

  1. Andrew Pelt says:

    I usually don’t post in Blogs but your blog forced me to, amazing work.. beautiful …

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