Written by Andrea Risotto and George Gonzalez “What are we going to do if we lose the house?” “I can’t let anyone find out.” “I can’t tell the kids. This is going to wreck their lives.” “I am all alone.” Many of these powerful thoughts have crossed the minds of homeowners who have fallen behind [...]
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Cross posted from Treasury.gov Studies show that Latino families have been among the most deeply impacted by the foreclosure crisis. Many continue to struggle with their mortgage payments and those with limited English proficiency remain among the most vulnerable to foreclosure prevention scams. Fortunately, help is available for millions of struggling families, including those with [...]
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Crossed posted from Treasury.gov Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods [...]
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Tiffany Thomas-Smith is Deputy Press Secretary at HUD; Andrea Risotto is Spokeswoman for the Making Home Affordable Program at the Treasury Department Today, the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) issued the July Housing Scorecard and monthly Making Home Affordable Program Performance Report. Included in the [...]
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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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