The nation’s largest mortgage servicers have distributed $26.1 billion in direct relief to nearly 310,000 homeowners, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released today by independent settlement monitor Joseph A. Smith of the Office of Mortgage Settlement Oversight. See our press release today and [...]
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The health of the FHA and management of its business have been frequent topics of discussion in the media and among our stakeholders in recent months. Certainly, these are important issues – to the ongoing recovery of our economy, to the future of our housing finance system, and to American taxpayers. We welcome a robust [...]
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If you’re unemployed and having trouble making payments on your FHA-insured mortgage, more help is on the way! The Federal Housing Administration (FHA) already requires its lenders to go the extra mile in helping un- or underemployed borrowers who are at least three months behind in their mortgage. Now, FHA is providing additional breathing room [...]
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Cross posted from Huffington Post With gas prices topping $4 a gallon families and businesses are facing a real burden. But we can take action to ensure the American people don’t fall victim to volatile energy costs over the long term. And with 40 percent of America’s carbon emissions coming from our buildings, one of [...]
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Earlier this year, President Obama made clear that to out-innovate our global competitors and win the future requires us to transform government itself. That’s why the President directed all federal agencies to begin an unprecedented government-wide review of rules and regulations in order to remove those that are out-of-date, unnecessary, excessively burdensome, or in conflict [...]
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