Obama financial relief plan brings compliment, skepticism

A federal intend to help much more underwater residents refinance its mortgages received compliment and you can skepticism Saturday as a cure for just what ails brand new housing marketplace.

Agent. Mike Thompson, an excellent St. Helena Democrat that has been a good critic of your own Obama administration’s casing perform, reflected new blended reaction to brand new expanded refinancing program. He called the energy good “greeting however, progressive changes” towards the homes top.

“I do not imagine it comes near to where we should instead end up being otherwise what we should do,” Thompson said.

Kris Anderson, an elderly loan consultant for Allstate Mortgage company from inside the Santa Rosa, called the expanded program good news to own many under water residents

Regional mortgage officers said many customers might seek to get benefit of loan places Decatur the fresh extended federal program. Read the rest of this entry »