A month after Hurricane Sandy hit the Northeast, hundreds of families continue their daily struggle to put their lives back together. Many of their homes destroyed, these families face living in temporary dwellings like area hotels and relatives’ homes. Their children are staying far away from their schools and some families are facing a decision [...]
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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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As images of the aftermath of Sandy come in and surveys of the damages are being assessed, it is without a doubt that millions of people on the East Coast have been left to pick up the pieces of their homes. Some families will have to endure repairs that will cost thousands while others will [...]
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We’ve heard the stories – financial institutions or their employees violate the public trust and engage in practices that both harm the mortgage markets and consumers who depend on them for their homes. These stories inflame our sense of right and wrong and they leave us wondering, who’s holding the mortgage industry to account? Well, [...]
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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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