A Couple of Items

Two new things today--
One: The Congresswoman from Ohio, Marcy Kaptur, has gone on record as asking that lenders offer a moratorium on foreclosures due the fact that so many homes not yet lost are well "under water" in terms of their value compared to how much is owed on their mortgages.Noting a precedent during the Great Depression by Minnesota, she filed a House Resolution requesting President Obama declare a national foreclosure moratorium until the overall situation has improved. No specific amount of time was suggested. For more, contact her in the House of Representatives--or call your own congressional rep.

Two:Homeowner Reward, a subsidiary of PMI Group, is starting a program to support homeowners whose mortgages are larger than their homes' current values.Limited to homeowners whose loans are insured by PMI, the program offers cash rewards to homeowners who elect to remain in their homes, as opposed to just walking away, when the values are less than the mortgage amounts owed. If you are, or think you may be insured by PMI, contact them immediately to determine your eligibility for the program.

And, as always, Good Luck.