Thursday, February 09, 2012
1. Unbelievable: The big banks are becoming desperate to avoid foreclosures
 
2. Home mortgage rates just hit an astonishing new low
 
3. How the Fannie and Freddie mortgage boondoggle actually works
 
1. Richard Russell: This could be 2012's "market moving" event
 
2. Porter Stansberry: These facts show the "End of America" is coming
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. Military insider: The Pentagon is lying about Afghanistan
 
5. This morning's "fantastic" jobs report is hiding some shocking news
 
How Obama's new mortgage program could DESTROY your credit
Advertisement
Friday, July 17, 2009
Text Size: increase text size decrease text size

By Daily Crux Editor Sean Goldsmith:

If you're falling behind on your mortgage payments, think twice before turning to Uncle Sam for help...

Victor Stern, an IT employee in Charlotte, North Carolina, signed up for Obama's Home Affordable Modification Program - a program that reduces monthly mortgage payments for troubled borrowers - after his employer cut his pay. Then he saw his credit score plunge 121 points to 619 from 740.

When you enter the loan modification program, banks report the changes to credit bureaus... and your FICO score can plummet. Something to keep in mind before asking the government for help...

Read full article...

More personal finance:

Where to find guaranteed high yields on your cash

The one currency that soars while all others plunge

The gov't literally just stole money from people's 401Ks

Doug Casey reveals how to legally transfer wealth with gold coins

Topics: Mortgages | Boondoggle
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.
Home | About Us | Archive | Partner | RSS