Tagged with " Bloomberg News"
20 Dec
2011
Posted in: HARP in the Media, My Ongoing Story, Process
By    Comments Off on Bloomberg News: No Relief for Homeowners Shut Out by U.S.

Bloomberg News: No Relief for Homeowners Shut Out by U.S.

Today, Bloomberg News, a multinational financial news organization, published an article about the HARP program.

No Relief for Homeowners Sut Out by U.S. focuses on the stories of several people (myself included) who have had difficulty taking advantage of the record-low percentage rates that could help alleviate excessive financial burdens.

My attempt to refi through my primary home lender, Bank of America, resulted in 3 different refi outcomes within a 2 month period under the same program. (Outcomes were: I did not qualify, then was offered 5.375%, then 4.5%.) In other words, not even the lenders who distribute the programs understand the guidelines.

28 Nov
2011
Posted in: HARP in the Media
By    Comments Off on NY Times on Bloomberg News: How the Fed Rescue Benefited Banks

NY Times on Bloomberg News: How the Fed Rescue Benefited Banks

In November of 2011, NY Times wrote a story on a report by Bloomberg News regarding the Fed Rescue.

The central bank provided emergency loans, asset purchases and other aid totaling roughly $7.8 trillion during a two-year period ending in March 2009, easily the largest component of the government efforts to bulwark the financial system.