The cost of living in the New York City was one of the main topics during the latest mayoral debate between the current NYC mayor Michael Bloomberg and Comptroller William C. Thompson Jr. This is their second and last mayoral debate before the elections. It took place in the studios of WABC-TV.

Government site big help for homeowners who are behind in their payments, or who cannot refinance.

Reuters reports that today the U.S. Treasury Department will announce the revamped version of it's housing rescue plan that will help the homeowners to reduce their monthly mortgage loan payments.

The Federal Housing Administration (FHA) has become the leading source of mortgage financing with the FHA Loans for new home buyers in America today. Many feel that along with record low interest rates and housing price levels at their most affordable levels in decades that in a market that had seen severely tightened credit, that FHA will be a leading component in bringing stability to the housing market.

According to reports this morning, the U.S. Federal Reserve is delivering what they promised. We are in a state of historical low mortgage rates and the subsequent refinancing activity that followed the rate decrease of the past six months is putting more money back into the economy through more usable income in the hands of home owners.

NAR President Charles McMillan stated recently how ironic it was that in a scenario as we find ourselves in where the housing market is weak, that affordability conditions have improved dramatically.

The following scenario may show the advantage of FHA mortgage over the conventional loan. By the way FHA Loans have become an importance source for mortgage financing in recent times.

The U.S. Department of the Treasury and the Department of Housing and Urban Development has launched a new website for consumers seeking information about the Obama Administration's Making Home Affordable loan modification and refinancing program.

FHFA has just released the "Examining the Making Home Affordable Plan" testimony by Patrick J. Lawler, Chief Economist for the FHFA.

The U.S. government today launched its new website makinghomesaffordable.gov helping the U.S. homeowners to find ways of what they can do for making their homes affordable in this financial and mortgage crisis.

The White House has this morning posted a full explanation of what the upcoming homeowner bailout may mean. The details of the Homeowner Affordability and Stability Plan are explained from the following information coming from the White House's website.

REALTORS aren't waiting for the bailout plan to bring more housing affordability to North Carolina families. The NC REALTORS® Housing Opportunity Foundation – better known as Homes4NC –has partnered with Thomas McClain of Home Sweet Home Land Management Group and The Settings of Black Mountain to promote more affordability through a Homes4NC Dream House at the exclusive community in Black Mountain.