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Reducing Home Mortgage Rates

The government has endured long standing criticism that it has not done enough to stop foreclosures from happening. The Obama administration could have done so many things to prevent so many foreclosures, and yet, so the consensus goes, it pitifully failed to do much.

The administration seems to have taken heed of the feedback and done something in the right direction. A program has been implemented that will take care of home mortgage rates for some troubled borrowers. The program is sure to be a godsend for many people who had given up any hope of retaining their homes, for which they had paid hard earned money in a bad economy.

The plan is for the Federal Housing Administration to underwrite new loans for some borrowers, which will offer them better interest rates. These borrowers must owe more money on their mortgages than what their properties are actually worth. Only in such cases, the Federal Housing Administration will be able to offer this help.

Given that there are hundreds of thousands of borrowers who fall under this specification, it is assumed that large numbers of people will be helped by this new plan. An amount of $14 billion is being set aside to fund this program. This money is part of the $75 billion program to prevent foreclosures.

While the plan is not without its merits, the government stands to lose a lot of taxpayer’s money in this program. Most of the $14 billion is being spent on risky loans that were given during the housing boom, and very few of these loans have any chance of being repaid, lower interest rates or not. The main reason behind this is, of course, that the properties are not worth spending any extra money for.

Entertainment

Top Ten DVD List for March 28, 2017

  This Week’s DVD Releases by Kam Williams Top Ten DVD List for March 28, 2017 20th Century Women https://www.amazon.com/exec/obidos/ASIN/B01MRA563W/ref%3dnosim/thslfofire-20 Fantastic Beasts and Where to Find Them https://www.amazon.com/exec/obidos/ASIN/B01LTHOAGM/ref%3dnosim/thslfofire-20 A Monster … [Read More its Good for You.....]

Books

The President’s Kitchen Cabinet

  The President's Kitchen Cabinet The Story of the African-Americans Who Have Fed Our First Families, from the Washingtons to the Obamas by Adrian Miller University of North Carolina Press Hardcover, $30.00 292 pages, Illustrated ISBN: 978-1-4696-3253-7 Book Review by Kam Williams “[This opus] vividly tells the stories of the African-Americans who worked in the presidential food service as chefs, personal cooks, butlers, stewards … [Read More its Good for You...]

Art

The Day After the Day Of

  The Day After the Day Of by Paul Ilechko   The sky sheds its tears. This morning is the morning of the day after. The day of mourning, the day after the day of.  I beseech the sky to shed tears in order to wash away the tears on my face.   This is the first day of the time after. This is the beginning of a new time, the days of pain, the days of sorrow. We are in mourning. The sky looks down and sheds its tears for … [Read More its Good For You...]

Real Estate

History Being Sold to the Highest Bidder

  History Being Sold to the Highest Bidder by Amy Lignor   For the longest time, scientists and archaeologists have been confused and bemused by various discoveries they’ve unearthed that offer little or no explanation as to the who, what, and why of the people who created these things or left them behind. Even now, in 2017, there are discoveries being studied; stories that were once legends now have actual bits of proof being found that … [Read More its Good for You.....]

Lifestyle

2017 Hobbies That Bring You Serenity

  2017 Hobbies That Bring You Serenity by Amy Lignor   Origami. Memory albums. Quilting. What do these have in common? Well, at one point or another in time, they have represented the “hottest” hobbies in the United States. Taking up hobbies are not only a fun thing to do for the “artistic/creative” type, but they also help to reduce stress. Even the AMA has cited the fact that taking up a hobby can produce a calming environment … [Read More its Good for You...]

Outdoors

Whitetail Hunting in Illinois is About Making Memories in the Heartland

  Whitetail Hunting in Illinois is About Making Memories in the Heartland   Whitetail hunting is the most popular area of the hunting universe in this day and age. When it comes to the great state of Illinois, there is one guide that is all about making your trip not only a success, but one of the most memorable experiences you can possibly have. And seeing that most of the dates sell out quite quickly, now is the time to research, … [Read More its Good for You...]

Sports

Gonzaga Celebrates the Final Four

  Gonzaga Celebrates the Final Four by Amy Lignor   “Beauty & the Beast” may be raking in the dough at movie theatres everywhere, but it is the Princess Cinderella that appears at the core of the NCAA headlines. We all have our “Cinderella Teams.” Heck, they even made a movie after the Hoosiers who once set the world on fire. But as this weekend winds down, it is the Gonzaga Bulldogs that find themselves ready to put on the glass … [Read More its Good for You...]

Business

How Are Retail Sales in 2017?

  How Are Retail Sales in 2017? E-Commerce Reigns by Amy Lignor   Despite consumer uncertainty, as well as a very sluggish beginning to 2017, the U.S. retail sales industry is projected to increase 4% this year. Headlines show that many retailers and companies posted “soft” holiday sales to end 2016, which caused some notable retailers to either cut jobs or close stores as a result. However, when it comes to 2017, the National … [Read More its Good for You...]

Travel

Where to Vacation? Go Big or Stay Home!

  Where to Vacation? Go Big or Stay Home! by Amy Lignor   We speak about luxury vacations, budget vacations, vacations that are fun for the kids, and many more areas of travel at this time of year. But there is also a category that many do not touch upon because they “assume” it is far too difficult for those on a budget to be able to enjoy these jaw-dropping wonders. However, whether you are a backpacker looking to “become a … [Read More its Good for You...]

Green Living

Creating the Perfect Vegetable Garden

  Creating the Perfect Vegetable Garden by Amy Lignor   Many are still dealing with that wintery mix Mother Nature just loves to toss down from the sky this time of year. Yet, that gardener living inside the soul – the one just dreaming of the sunny skies and lazy rainy days that are must-haves in order to grow the best vegetables possible – is already jotting down the facts, tricks and tips they need to know in order to make that … [Read More its Good for You...]