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      <title>All articles - hopeforhomeownersprogram.webnode.com</title>
      <link>http://hopeforhomeownersprogram.webnode.com/archive/news/</link>
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      <pubDate>Sat, 30 Aug 2008 12:00:00 +0200</pubDate>
      <lastBuildDate>Sat, 30 Aug 2008 12:00:00 +0200</lastBuildDate>
      <category>Foreclosure Bill: Sections Explained</category>
      <category>News</category>
      <category>Blog</category>
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      <item>
         <title>Sections Explained: Summary</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-summary1/</link>
         <description><![CDATA[&#160;Overview of Program
&#160;
The plan combines large tax breaks for homebuilders and a $7,500 tax credit for peoplewho buy foreclosed properties, as well as $4 billion in grants for communities to buy and fix up abandoned homes.&#160;Help families keep their homes by increasing pre-foreclosure counseling funds, expanding refinancing opportunities, and amending the bankruptcy code to allow the modification of &#160;nontraditional and sub prime mortgages on primary residences;
Help...]]></description>
         <pubDate>Sat, 30 Aug 2008 12:00:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-summary1/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 112)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-1121/</link>
         <description><![CDATA[SECTION:&#160;112
MAXIMUM PRINCIPAL LOAN&#160;
OBLIGATION
`(A) not to exceed the lesser of--
`(i) in the case of a 1-family residence, 110 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation in effect for 2007 under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C....]]></description>
         <pubDate>Sat, 30 Aug 2008 11:56:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-1121/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 113)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-113/</link>
         <description><![CDATA[&#160;SECTION: 113
SELLER-FUNDED&#160;
DOWNPAYMENT ASSISTANCE
&#160;
SEC. 113. CASH INVESTMENT REQUIREMENT AND PROHIBITION OF SELLER-FUNDED&#160; DOWNPAYMENT ASSISTANCE.
Paragraph 9 of section 203(b) of the National Housing Act (12 U.S.C. 1709(b)(9)) is amended to read as follows:
(9) CASH INVESTMENT REQUIREMENT-
(A) IN GENERAL- A mortgage insured under this section shall be executed by a mortgagor who shall have paid, in cash, on account of the 
property an amount equal to not less than 3.5...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:49:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-113/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 114)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-114/</link>
         <description><![CDATA[SECTION:114
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

&#160;
&#160;
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund' and all that follows through `section 
234(c),,'; and (2) in subparagraph (A)-- (A) by striking `2.25 percent' and inserting `3 percent'; and (B) by striking `2.0 percent' and inserting 
`2.75...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:44:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-114/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 115)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-115/</link>
         <description><![CDATA[SECTION: 115
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION
&#160;
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund' and all that follows through `section 
234(c),,'; and (2) in subparagraph (A)-- (A) by striking `2.25 percent' and inserting `3 percent'; and (B) by striking `2.0 percent' and inserting 
`2.75...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:38:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-115/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 116)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-116/</link>
         <description><![CDATA[SECTION: 116&#160;
MORTGAGE INSURANCE PREMIUMS
REHABILITATION LOANS
DISCRETIONARY ACTION

&#160;
&#160;
&#160;
MORTGAGE INSURANCE PREMIUMS.
Section 203(c)(2) of the National Housing Act (12 U.S.C. 1709(c)(2)) is amended--
(1) in the matter preceding subparagraph (A), by striking `or of the General Insurance Fund' and all that follows through `section 
234(c),,'; and (2) in subparagraph (A)-- (A) by striking `2.25 percent' and inserting `3 percent'; and (B) by striking `2.0 percent' and...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:31:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-116/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 117)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-117/</link>
         <description><![CDATA[SECTION: 117&#160;
Sections 117-121
&#160;
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and' before `(2)'; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)'; and (2) in subsection (g), by striking `, except that' and all that follows and inserting...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:27:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-117/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 118)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-118/</link>
         <description><![CDATA[SECTION: 118
&#160;Sections 117-121
&#160;
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and' before `(2)'; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)'; and (2) in subsection (g), by striking `, except that' and all that follows and inserting...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:22:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-118/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 119)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-119/</link>
         <description><![CDATA[Sections 117-121
&#160;
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and' before `(2)'; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)'; and (2) in subsection (g), by striking `, except that' and all that follows and inserting a period. (b)...]]></description>
         <pubDate>Sat, 30 Aug 2008 11:10:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-119/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>Sections Explained: (Sec. 121)</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-121/</link>
         <description><![CDATA[SECTION: 121&#160;
Sections 117-121
&#160;
SEC. 117. INSURANCE OF CONDOMINIUMS.
(a) In General- Section 234 of the National Housing Act (12 U.S.C. 1715y) is amended-- (1) in subsection (c), in the first sentence-- (A) by striking `and' before `(2)'; and (B) by inserting before the period at the end the following: `, and (3) the project has a blanket mortgage insured by the Secretary under subsection (d)'; and (2) in subsection (g), by striking `, except that' and all that follows and inserting...]]></description>
         <pubDate>Sat, 30 Aug 2008 10:49:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/sections-explained-sec-121/</guid>
         <category>Foreclosure Bill: Sections Explained</category>
      </item>
      <item>
         <title>President Bush Signs!</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/president-bush-signs/</link>
         <description><![CDATA[&#160;
President Bush signed the Housing and Economic Recovery Act of 2008.&#160; It is said that over 400,000 homeowner's will be able to take advantage of this bill. Home owners will be able to stay in their homes providing their current lender agrees to the terms of the FHA backed,&#160;"Hope for Homeowners Program".&#160;&#160; People with high interest rate mortgages,&#160;close to foreclosure or in currently in foreclosure may be able to take advantage of the bill signed today.&#160;
The...]]></description>
         <pubDate>Wed, 30 Jul 2008 12:40:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/president-bush-signs/</guid>
         <category>News</category>
      </item>
      <item>
         <title>Bush to Sign Bill!</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/visitors-notice/</link>
         <description><![CDATA[Bush is planing to sign the bill this week which will help thousands of homeowners under FHA, Freddie Mac and Fannie Mae. Go here for more information:&#160; biz.yahoo.com/ap/080723/congress_housing.html?.v=9]]></description>
         <pubDate>Wed, 23 Jul 2008 00:00:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/visitors-notice/</guid>
         <category>News</category>
      </item>
      <item>
         <title>Housing Legislation Passes</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/website-launched/</link>
         <description><![CDATA[SENATE BANKING COMMITTEE PASSES MAJOR BIPARTISAN HOUSING LEGISLATION

May 20, 2008 - - 
WASHINGTON, DC – Senator Chris Dodd (D-CT) and Senator Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, today announced that the Committee passed “The Federal Housing Finance Regulatory Reform Act of 2008,” legislation which includes major efforts to help prevent the rising number of foreclosures, to create more affordable housing for...]]></description>
         <pubDate>Tue, 10 Jun 2008 16:43:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/website-launched/</guid>
         <category>News</category>
      </item>
      <item>
         <title>America Bails Out Homeowners!</title>
         <link>http://hopeforhomeownersprogram.webnode.com/news/first-blog/</link>
         <description><![CDATA[&#160;
Those in foreclosure or whom have high interest rate, subprime or other loans, will be able to take advantage of what the congress, the senate and the president area signing off&#160; in the next few days.&#160;&#160;Will this new FHA program really help people?&#160; Yes, the gigantic mortgage bail out program will help a lot of people and also put a "plug" into the real estate and mortgage sink whole&#160; we all are experiencing, these days.&#160;&#160;
The FHA&#160;- Hope for home...]]></description>
         <pubDate>Fri, 07 Mar 2008 16:44:00 +0200</pubDate>
         <guid isPermaLink="true">http://hopeforhomeownersprogram.webnode.com/news/first-blog/</guid>
         <category>Blog</category>
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