Another Gov’t Program Intended At Helping Home Owners
The most recent gov’t program aimed at assisting home owners has recently been announced. In the news a few days ago was a bit of information about this new program and unemployment. Hopefully you can learn something from this latest program and the information behind it.
Beginning July 1st, home owners can start applying for the HAUP program. HAUP stands for Home Affordable Unemployment Program. HAUP provides home owners a forbearance of monthly mortgage payments, either reducing them or suspending them for at least 3 months. If you don’t know what forbearance is, it essentially halts payments.
The remarkable thing about this is that it is related to unemployment. Paul Jackson wrote an appealing piece of writing about the amazing shrinking unemployment rate. Evidently, the unemployment rate fell in May from 9.7% to 9.5% in June. It is one of those figures that makes you scratch your cranium. You have to question what happened to the 652,000 out of work Americans that disappeared. There are some fascinating tactics the gov’t uses to hide unemployment records.
In the near future, I think you will hear plenty about how things are getting healthier. The media and the government will probably be telling you how things are getting better. Actually, there is a excellent likelihood that things will get worse. You can look at the active inventory in the Phoenix vicinity or chat about penny house sales.
There can only be so much writing on the wall before you realize that things are not as they seem. Obviously there is a need to get good news out to the public. Nonetheless, much of that news is fabrication. We want things to get better, but lets be candid about what we are in front of, so that we can deal with things.
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