Fannie Mae and Freddie Mac Announce Streamlined Loan Modification Program – November 12, 2008

The Federal Housing Finance Agency announced a new program designed to greatly reduce preventable foreclosures with a simplified, streamlined loan modification program to get struggling homeowners into mortgages that they can afford. FHFA believes it is an achievable goal if homeowners, banks, mortgage servicers, investors, Fannie Mae and Freddie Mac all work together.

Please click here to view the full press release announcing the program.

CHAPA Launches Massachusetts Foreclosed Properties Initiative – March 16, 2009

BOSTON – March 16, 2009 –CHAPA and state officials unveiled a first-in-the-nation statewide clearinghouse program today aimed at taking back foreclosed properties throughout the state. Outside, in a New Bedford neighborhood deeply affected by foreclosures, CHAPA, along with Congressman Barney Frank, Governor Deval Patrick, Undersecretary Tina Brooks, New Bedford Mayor Scott Lang, and the New Bedford legislative delegation launched the new “Massachusetts Foreclosed Properties Initiative” today.

Please click here to view the full press release.

Please click here for the program fact sheet.