In response to the overwhelming demand for loan modification, President Obama has released a new program to assist in keeping upwards of 9 million financially challenged homeowners from avoiding foreclosure. This is an aggressively dramatic and exciting approach to the housing problem, which should make a significant impact into curtailing the rate of foreclosures thereby assisting to balance our the struggling economy.
The bullet points of this new plan are as follows:
*Provides for rate reductions as low as 2% to qualify
*Principal Reductions to qualify borrower on 31-38% front end DTI
*Extending loan terms from 30 yr – 40 yr so borrowers can qualify
*Trial period of 3 mo. to establish a payment record
*If trial period is successful, then loan becomes permanent
*Primary residence only
*Government pays lenders to participate
This program could make a significant impact in our housing crisis…stay tuned…

Being an entrepreneur has given me a deep appreciation for individuals who are success oriented and never give up. The drive to always “push through” is a trait of successful people.
I have been fortunate to associate myself with many successful individuals over my life. It began with my father who instilled in me the ability to step outside of the box…to create something out of nothing. He taught me the importance of integrity in business...traits that I have incorporated into the various business models I employ.
I spent the first ten years of my career in the medical field. I worked side by side with amazing individuals who put their own self-interests aside in order to nurture others back to good health. Many times I witnessed life and death situations. It was always humbling to experience the team-work that evolved around trying to save a lives.
As my career path evolved into the business world, not only could I bring those experiences into my persona, I saw a need to spread information…real information for real situations. A close friend of mine began to mentor me in aspects of blogging. He has given me incredible insight into how a blog should be developed…how to focus my passion for helping mentor people to becoming successful entrepreneurs. This passion for mentoring others began when I was a young child and continues today. It is not about me, but rather those who have influenced my life.
I am a work-out addict and a real “ski dog”. Sorry guys and gals…I do not “ride”. I live for deep powder and steep chutes. I love the feeling of looking over the edge of a steep run…feel my heart beat faster with that adrenaline rush and then “jump in”. I love golf…but I always wonder if I will ever break 100…lol! Most of all, I love my wonderful family…they are the best! Thanks for stopping by and I hope you feel empowered today.
More posts by
Martin Casper