foreclosure prevention : Loan Modification Key

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Obama administration presents a look at life after HAMP and HARP

Accessibility: Ensuring that there is a simple process in place for homeowners to seek mortgage assistance and that as many homeowners as possible are able to easily obtain the needed and appropriate level of assistance. Affordability: Providing homeowners with meaningful payment relief that addresses the needs of the homeowner, the servicer and the investor, to

Summit County Land Bank awarded $6.4 million in funding

The Summit County Land Bank has received an additional $6.4 million in funding as part of the Ohio Housing Finance Agency’s (OHFA) Neighborhood Initiative Program (NIP), a residential demolition program aimed at stabilizing property values by removing and greening abandoned, vacant and blighted residential properties in the hardest hit neighborhoods and communities in Ohio.  

Watchdog Calls on Treasury to Fix Blight Elimination Program – Loan Modification Key

“We believe the fundamental structure of HHF and the existing controls and compliance measures implemented by [the Office of Financial Stability] and the HFAs have made HHF blight elimination programs effective, flexible, and accountable.” Mark McArdle, Department of Treasury.   The head of the Troubled Asset Relief Program recently called on the U.S. Treasury Department

FHA Makes Enhancements to Distressed Loan Sales Program – DSNews

“FHA is deeply committed to protecting struggling homeowners and making certain they have the greatest opportunities to avoid foreclosure and remain in their homes.” Ed Golding, Principal Deputy Assistant Secretary, HUD.   HUD announced on Thursday that is making the most significant improvements to date for its Distressed Asset Stabilization Program (DASP) that include requiring

New York Takes Aim at Zombie Properties – DSNews

In order to fight the long-standing problem of vacant and abandoned homes, New York became the latest state to enact legislation to fight the adverse effect these properties, often called “zombie” properties, have on their surrounding communities.   New York Governor Andrew Cuomo signed the bill into law this week. The bill was passed as

Loan Modification Key: NJ Homeowners Facing Foreclosure to Benefit From Over $69 Million

“It’s important to do everything we can to help struggling homeowners who are #underwater and facing #foreclosure stay in their homes, keep families together and strengthen neighborhoods,” said Menendez, the ranking member of the Housing Subcommittee. “This is critical funding to help address New Jersey’s worst-in-the-nation foreclosure crisis.”   “Unfortunately, too many New Jersey families and communities

Youngstown agencies to benefit from HHF: Loan Modification Key

Ian Beniston, executive director of the Youngstown Neighborhood Development Corporation, said a lot of the money would go to the area land banks for demolishing vacant homes that couldn’t be refurbished.   When a home can be renovated, that’s when YNDC steps in and works to revitalize neighborhoods. The first step is using public records
IMPORTANT: The text in this website and product(s) sold on this website do not substitute for legal advice. Nor does the text substitute for real estate, financial, tax, bankruptcy or other professional advice. Loan Modification Key® and its owner(s) cannot and do not guarantee results from any lender or servicer. Loan Modification Key® and its owner(s) do not represent any loan modification program or governmental program. Loan Modification Key® and its owner(s) do not represent any government agency. The text herein represents information, opinion and expertise gathered in the last several years' experience in the mortgage industry. Loan Modification Key® is a non-profit 501 (c)(3) tax-exempt organization.
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