National Assistance Corporation of America Representative Darren Duarte tells you how to save your house from foreclosure and explains the Save the Dream Tour taking place at the Pa. Convention Center from April 7 to 11.
Jan and Brian Sexton faced foreclosure until they found the Neighborhood Assistance Corporation of America, who helped them reduce their mortgage and interest rate.
Federal banking regulators have not officially imposed their new rules for the top mortgage servicers, but criticism is already being heard. A wide coalition of consumer and housing groups is denouncing the legal agreements, which are likely to be published within a few days. The new rules require the servicers to improve their processing systems, to [...]
Seven months after the government announced a $1 billion plan to help jobless homeowners stave off foreclosure, Pennsylvania is finally getting the $105.8 million it had been promised. In fact, Pennsylvania will be the first of the 27 states participating in the Emergency Homeowners Loan Program to begin processing applications, starting this month. The U.S. [...]
The House passed a bill Tuesday to kill a signature Obama administration program that helps homeowners stay in their homes but has faced criticism as ineffective. The House voted 252 to 170 to stop any new funding for the Home Affordable Modification Program (HAMP). Eleven Democrats joined Republicans to defund the program. The program taps [...]
The gap between the average sale price of a foreclosed home and that of other properties grew wider last year, giving homebuyers who snapped up bank-owned homes big discounts. And homebuyers can expect to see more of those bargains this year, because fewer foreclosed homes were sold in 2010 than were taken back by banks, [...]
The Obama Administration is discussing a new plan to provide financial assistance to jobless homeowners who are struggling to make mortgage payments. The Treasury Department met with major lenders, economists, the Department of Labor, Hope Now, and the Federal Reserve to discuss possible solutions to halt the growing number of foreclosures, and additional meetings are [...]
Since the start of Obama’s $75 billion Home Affordable Program, about 12% of eligible borrowers have begun trial modifications, according to the Treasury Department. Lenders have offered trial modifications to more than half a million borrowers, but not all who were eligible have enrolled. Mark Zandi from Moody’s Economy.com, said modification progress has improved since earlier [...]
Despite state and federal efforts to aid struggling homeowners afford payments, foreclosure activity jumped 7% in July- that means one out of every 355 households got a foreclosure filing, according to RealtyTrac.
Senior U.S. housing officials and leading mortgage companies will make a fresh commitment to help troubled borrowers keep their homes and promise to expand foreclosure-prevention aid in their meeting today. Officials have warned the mortgage industry that it must do more to help families avoid foreclosure and they plan to “name and shame” firms that [...]
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