By now, I’m certain that you’ve heard about the historic $25 billion National Mortgage Servicing Settlement. Along with 49 state attorney generals, the Federal government reached an agreement with the Nation’s five largest loan servicers to hold the banks accountable for their actions and to provide relief to distressed homeowners. It is our goal to [...]
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If a fire started in your home, wouldn’t you hope your local fire department would do everything it could to put those flames out? Imagine suggesting that that better approach might be to allow the fire to burn itself out. Now imagine if that same do-nothing approach were to be applied to our nation’s housing [...]
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In February, the Obama Administration joined a bipartisan coalition of 49 state attorneys general to strike a $25 billion settlement with the nation’s five largest mortgage servicers. The settlement was a historic step forward to help struggling homeowners and hold banks accountable – and already, families are starting to see results. As CNNMoney reported this [...]
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Tomorrow, the White House, HUD, and Neighborworks will join together to honor eleven housing counselors and HUD-approved organizations as Champions of Change for their hard work, perseverance and dedication to their communities. Their outstanding commitment and achievement represent the work of thousands of housing counselors across the country. From preventing the foreclosure of homes to [...]
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American families are all too familiar with the story: just when they thought they had achieved the dream of owning their own home, abuses in the financial and mortgage sector came back to haunt them and sent them spiralling into foreclosure – often through no fault of their own. Countless other families are still struggling [...]
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