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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It’s not just about the turkey, “A Charlie Brown Thanksgiving,” and football. As I get ready to spend Thanksgiving with family and friends, I can’t help but reflect on why I’m thankful to work here at HUD. After nearly five years here at HUD, I can truly say that the work my colleagues and I [...]
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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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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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