House Nixes FHA Short Refi Program
In a 256 to 171 vote yesterday, the U.S. House of Representatives passed the FHA Refinance Program Termination Act (HR 830)[1]. Ultimately, one Republican voted against the bill and 18 Democrats voted...
View ArticleHUD Grants Pennsylvania Emergency Homeowner Loan Funds
While in Congress, legislators take careful aim at relief programs that they believe are not getting the job done, the department of Housing and Urban Development (HUD) is still actively handing out...
View ArticleSouth Carolina Chief Justice Stops All Pending Foreclosures
South Carolina chief justice Jean Toal placed all pending foreclosures in the state on hold Tuesday so that homeowners could try to “mitigate their losses and perhaps modify their loans.” Toal made a...
View ArticleHUD and NeighborWorks America Announce a New Emergency Homeowners’ Loan Program
Homeowners in 27 states and Puerto Rico are now eligible for a part of $1 billion set aside as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to pay a portion of their...
View ArticleTARP Money for Homeowners Likely to Go Toward National Debt Instead
Around $30 billion allocated in the Troubled Asset Relief Program (TARP) to help struggling homeowners will likely be paid on the national debt instead, reports ProPublica, a self-proclaimed...
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