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Top Banking Executives are Skeptical about Home Mortgage Credit

Liz — Thu, 02 Sep 2010 19:54:51 +0000

Executives in the banking industry are skeptical about lending a hand to troubled borrowers by offering a home mortgage credit. Executives have told lawmakers they are willing to work with some borrowers in special limited cases. They feel borrowers who pay their mortgages on time will feel this practice is unfair. Issues of fairness and how to determine the need for help is the concerning issue for many banking officials and lawmakers. Some estimates show that reducing home loan balances could cost up to 900 billion dollars.

As of March 2010, more than 230,000 homeowners had completed loan modifications. That is a small percent of the borrowers enrolled in the program. Four mortgage companies, the four largest in the country, have come under fire for not doing enough to help borrowers as part of the Obama administration’s $75 billion mortgage relief program. It has been noted that some families are already getting some relief from the Home Mortgage Credit, but it is a slow start. The administration has intention to expand the program in the near future by including a plan to reduce the total amount some struggling borrowers owe on their home loans and give unemployed homeowners a temporary break. The details on this plan are expected to take a few months.

Many Republicans are against the Home Mortgage Credit, stating that our country’s focus should be on creating jobs and that the housing market should not have government intervention or manipulation.

The forecasts at this point predict the new programs will help about 35,000 homeowners avoid foreclosures this year. Unfortunately, 1.9 million homeowners are anticipated to still lose their homes. While awaiting further details on the plan, borrowers should continue to apply for the Home Mortgage Credit. Further information is available at HomeMortgage.com.

Team Bonding: Badminton Session

Liz — Wed, 01 Sep 2010 21:44:58 +0000

We’re now playing at AutoCamp!

From The Album: Juliet's Game Faces

Mental Note: Update Asian Trip posts!

Korean Movie: A Moment To Remember

Liz — Fri, 27 Aug 2010 07:58:02 +0000

Because I can’t get over this romantic yet sort of tragic movie, I am also posting it here. After all, this is SWORD so let me spread the word!

I don’t have to remember you. You’re a part of me...

Real tear-jerker! Just like what I’ve said at Pinkville post (A Moment To Remember), this movie seems to be a mix of “My Sassy Girl” and “The Notebook”. And I’ve just figured out that Son Ye-Jin (Kim Su-Jin) is the same girl at “The Classic”.

This Korean movie made me cry because I can relate to it. The fear of losing my memory is as strong as the pain of losing my loved ones. So disheartening.

You can check my Pinkville blog post for other comments and the link to watch the movie online. I am also sharing the touching love letter here:

I’m afraid my just returned memory will leave me again.. .

Asian Trip: The Twists and Turns

Liz — Sun, 22 Aug 2010 19:58:02 +0000

of events… Fasten your seatbelt as I drive you through the conflict and exciting plot of our limited vacay.

So candid!

Share the love, share the fun. Watch out for unlimited bloopers from Day 1 to Day 6.

Asian Trip: Fabulous Places

Liz — Sat, 21 Aug 2010 19:04:52 +0000

Here’s the setting:
When: August 13 – 18, 2010
Where: Kuala Lumpur, Malaysia & Singapore

I tried my best to separate my blogging life from FB but there are times that it won’t be possible. This post is not an exemption. Images are grabbed from our albums.

Sentosa, Singapore	Universal Studios, SG
Esplanade, SG	Merlion Park, SG
Sentosa Bayfront	Marina Bay City Gallery
Petronas Towers	Menjana Transformasi, PJ
Putra Mosque, Putra Jaya	Selera Putra
Seri Wawasan Bridge, Putra Jaya MY	Genting, Malaysia

The first three rows features amazing places to be at Singapore while the last three are shots from the heart of Malaysia. Yeah, due to limited time were not able to visit other nice spots indicated in the traveller’s guide that we have printed. Nonetheless, we had a wonderful day and night tour!