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HUD Lead-Based Paint Hazard Control Grant: Hardest Hit Funds (HHF)

WASHINGTON, D.C. — (RealEstateRama) — U.S. Senator Rob Portman (R-OH) issued the following statement after the Department of Housing and Urban Development (HUD) presented Erie County with a Lead-Based Paint Hazard Control Grant worth more than $1.6 million. This funding will be used to protect children and families in Erie County from the hazards of

Christy Clark’s plan to make homes affordable: will it work?

The B.C. Liberals have recalled the legislature to deal with the Metro Vancouver housing affordability crisis. But will their ideas work? They are the young actors who dress up as 19th-century lawmakers to entertain the tourists. Eccentric former premier Amor De Cosmos is a common sight, strolling the precincts in his top hot and moustache.

Akron Ohio News – Hardest Hit Fund

GREATER AKRON — 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.   Land bank officials said the additional

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

Mortgage Performance Holding Strong – DSNews

High performance of first-lien mortgages and declining foreclosure activity spelled a healthy servicing market for the first quarter of 2016 and a decreasing need for new loss-mitigation actions, according to the Office of the Comptroller of the Currency’s (OCC) newest quarterly report on mortgages.   The report showed that 95 percent of mortgages at the

Foreclosure bill passes Massachusetts Senate

BOSTON — The Massachusetts Senate on Thursday passed a bill that would allow cities like Springfield to require banks to post a bond that can be used to maintain vacant, foreclosed properties.   State Sen. Eric Lesser, D-Longmeadow, said on the Senate floor that the bill “preserves Springfield’s ability to take measures to protect property

CFPB Rules Establish Strong Protections for Homeowners Facing Foreclosure | Consumer Financial Protection Bureau

WASHINGTON, D.C. — On January 17, 2013 the Consumer Financial Protection Bureau (CFPB) issued rules to establish new, strong protections for struggling homeowners facing foreclosure. The rules also protect mortgage borrowers from costly surprises and runarounds by their servicers. “For many borrowers, dealing with mortgage servicers has meant unwelcome surprises and constantly getting the runaround.
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