President Obama on Working Through the Mortgage Crisis

Posted by admin on July 22nd, 2010 and filed under mortgage | 25 Comments »

The President speaks after Housing Refinance Roundtable with real people who have benefited from renegotiating their mortgages and explains how millions of others can take advantage of his Making Home Affordable plan.

(public domain)

Duration : 0:6:55


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25 Responses

  1. AngryIraqi Says:

    it is unfortunate …
    it is unfortunate that if you relay on the gov to solve your problems then you are the under-dog from the get-go. Many hard-working and honest people are facing problems. We are just the victims of big corporations; whether it is Wells Farto or Golden Sack, we are just another widow of orphan (in own Tourre’s admission). Thats why big corporate pay millions to politicians to have laws or DE-regulation in their favor.

  2. randyagent Says:

    Get someone in …
    Get someone in there that knows what they are talking about.

  3. streetz23 Says:

    this is bullshit. …
    this is bullshit. this will only help people on the short term. While on the long run it won’t last and you’ll eventually lose your home.

  4. prayfortruejustice Says:

    This is a great …
    This is a great program for the banks. Essentially this is a bank bailout, so people don’t walk from their properties. The benefit to the homeowner is that the mortgage is extended for years and the interest rate is reduced making the monthly mortgage payment less than rent in some cases. Downside for the bank:none. Downside for homeowner?: maintenance costs, upside down value/loan balance.

    The guy to the right looked shocked and hot.

  5. Truthnadv1 Says:

    Nice Video and …
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  6. dpunger Says:

    Prez plan to have …
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  7. darkangelextra Says:

    bla bla bla bla bla …
    bla bla bla bla bla bla blaaaaaaaaaaaaaaaaaaa 4 years

  8. ForeclosureHotline Says:

    Looks like you need …
    Looks like you need an attorney. Obama will tell you the same. 877-9-HOME-11

  9. rosieyposie7 Says:

    Mom85 & son got a …
    Mom85 & son got a PREDATORY LOAN from COUNTRYWIDE!
    on a temporary occupancy certificate CLOSED 12/2/04.
    HOUSE HAD OVER 100 COUNTS OF CARBON MONIOXDE SAID BY 106 POLICE & HB FIREDEPTS.
    COUNTRYWIDE LOAN WENT INTO DEFAULT BY 06 SUMMONS BY BANK OF NY.
    from : JAN 2007 TO MAY 2009
    15 COURT ADJOURNMENTS
    COURTS approved
    NYFOUNDATION -COURT GUARDIAN wCOURT ORDER OF STAY by JUDGE THOMAS.
    we are NOT PERMITED to speak in COURT!
    we LOVE our HOUSE & want 2PAY A MORTGAGE! How do I write OBAMA?

  10. darknight123123123 Says:

    Well, it has worked …
    Well, it has worked for us! Thank you Obama!

  11. samsunguitar Says:

    WATCH CHEMtrails …
    WATCH CHEMtrails VIDEOS!!! They’re spraying you w/ HARMFUL CHEMICALS by planes on a daily basis, just look up to the sky if you don’t believe me, you know tilt your head once in a while!!! These are NOT CONtrails which vaporize right away!
    THIS IS ELITE’s DEPOPULATION PLAN!
    Google: HOW TO STOP CHEMtrails!
    ALSO CHECK OUT: infowars. com
    IT IS the INFO that ELITE DOESN’T WANT YOU TO KNOW! (like the TRUTH about VACCINES which is also part of DEPOPULATION plan!)

  12. samsunguitar Says:

    Watch “The Obama …
    Watch “The Obama Deception” in HQ! This is the truth about Obama that you must know!

  13. clairebreedlove26 Says:

    ObamaObamaObamaObama
    ObamaObamaObamaObama

  14. CUBANSIREN Says:

    I’m so happy I live …
    I’m so happy I live in the land of the free where I”m able to vote for another president in just four years….so I keep telling myself it’s just arund the corner.

  15. lizzyb1958 Says:

    will do, thanks for …
    will do, thanks for the info. I am a little concerned about all the scams going on so believe me, I am watching out.

  16. Beingreal40 Says:

    1-800-995-HOPE ( …
    1-800-995-HOPE (Hope for Home owners) free counceling. Also look for HUD councelers. Lenders are on board. If your in a adjustable loan. It may be that your in a “Liar Loan” (set up in a loan you never could afford in the first place). Why would they modify it? If you are in a fixed loan trying to go it alone, be careful. I did a search on my mortgage co. name followed by scam. Found out people who did modify had missed payments, fees , and service charges added to the back of the loan.

  17. lizzyb1958 Says:

    I’m not sure all …
    I’m not sure all the mortgage companies are on board with this plan, We called our mortgage company, National City Mortgage regarding the problems we were having and were told that basically we would have to go into foreclosure in order for them to help us. what do you do in a case such as this?

  18. ChangeMyPassword Says:

    Hello

    My Password …
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  19. Beingreal40 Says:

    Not sure if guy on …
    Not sure if guy on right is going to kiss him or take a bat to him. Well said BROKERin AZ. Gov. also has no interest in helping people caught up in fraudulant loans created by our greedy brokers and lenders. They believe home owners offered to risk their life savings, move their own furniture, gamble everything, and pay their broker a high commision. Stealing our homes and jacking up the rents. They belive this will be a passive event. Just moving us from one jail cell to the next.

  20. politicalfarce Says:

    That’s not a …
    That’s not a typewriter you hear in the background. IT’s photographer’s flashes.

  21. harvey101107 Says:

    The only way I can …
    The only way I can imagine is to send a letter to the white house, be it online or mail. They get thousands of letters a week, though. Get involved in politics if you really want to make a difference.

  22. spiritsA Says:

    The White House …
    The White House still use a typewriter. ~.~

  23. BROKERinAZ Says:

    I have a proposal …
    I have a proposal as to how the government can better utilize funds given to banks to truly make a difference for the homewoner who’s upside down on their mortgage. How can I get someones ear?

  24. BROKERinAZ Says:

    Mr. President,

    Mr. President,
    Unfortunately the challenge with the plan is that the lenders are not willing to reduce the principle balance on the homeowners who are upside down on their mortgage and can’t afford their payments. They have no real incentive to do so.

  25. Voltegasproductions Says:

    lol so true
    lol so true

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