Texas churches sue FEMA over exclusion from disaster relief
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Hurricane Harvey victims granted temporary relief from foreclosure
Fannie Mae, Freddie Mac and the FHA are offering housing relief to Hurricane Harvey disaster victims, including a 90-day moratorium on foreclosures. Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. Foreclosure News
County treasurers tout state’s $40M foreclosure relief fund
West Michigan county treasurers are touting a state-administered fund designed to bail out homeowners in danger of losing their homes or condominiums to mortgage or tax foreclosures. The Step Forward program, first created in 2010, has already paid out more than $ 307 million to 34,597 homeowners, according to the Michigan State Housing Development Authority […]
Welcome foreclosure relief for N.J. homeowners | Opinion
If you listen to the Wall Street folks for any length of time, you would think our housing troubles are over. While major housing markets like San Francisco, New York, Las Vegas and Dallas may be getting traction these days, that traction hasn't made it way to many New Jersey communities, especially in South Jersey. […]
FTC Reaches $1.7 Million Settlement with Final Defendant in Mortgage Relief Scheme
On February 23, 2017, the Federal Trade Commission announced that it entered into a settlement with the final individual defendant in an alleged mortgage relief scheme worth over $ 1.7 million. As a result of a joint federal-state enforcement sweep known as “Operation Mis-Modification,” the FTC filed a complaint in 2014 against six defendants for […]
New Fannie, Freddie Program Offers Relief to Delinquent Borrowers
A new program offered by Fannie Mae and Freddie Mac will provide delinquent borrowers relief through a 20 percent mortgage payment reduction, the enterprises recently announced. The program, the Flex Modification, available by or on Oct. 1, 2017, is open to borrowers who are at least 60 days delinquent on their loan. Foreclosure News
Virginia FHA Borrowers Given Foreclosure Relief After Disaster
A federal disaster declaration because of Hurricane Matthew has put a 90-day hold on foreclosures of Federal Housing Administration-insured mortgages in Chesapeake, Newport News, Norfolk and Virginia Beach. President Barack Obama made the declaration earlier this month, allowing the Department of Housing and Urban Development to offer assistance to people who have FHA mortgages. Foreclosure […]
Ny Ag Secures $1.6 Million Settlement For Alleged Mortgage Relief Scheme
On November 2, the New York Attorney General announced a $ 1.6 million settlement with a debt settlement company and its principal, resolving allegations that the company violated New York's deceptive and unlawful practices law by engaging in fraudulent, deceptive, and illegal business practices in connection with loan modification and audit services. According to the […]
HUD speeds up Hurricane Matthew relief efforts in three hard-hit states
Julian Castro, secretary of the U.S. Department of Housing and Urban Development, said Tuesday his department will expedite federal disaster assistance for North Carolina, Florida and Georgia to help homeowners and low-income renters who fled their homes due to Hurricane Matthew. President Barack Obama already issued disaster declarations for 24 counties in the three states: […]
Northshore homeowner said flood relief option set her up for foreclosure
As people across Louisiana work to save their flooded homes, some are having trouble catching a break from their bank. Cathleen Dell and her husband William live in Hammond. Foreclosure News