by iwd Tina | Jun 20, 2011 | Housing News
On November 12, 2008, the U.S. Department of Housing and Urban Development issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan
offers. HUD will require, for the first time ever, that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs. HUD estimates its new regulation will save consumers nearly $700 at the closing table.
In announcing HUD’s final changes to the regulatory requirements of the Real Estate Settlement Procedures Act (RESPA), HUD Secretary Steve Preston said that changes in the housing market and increases in home foreclosures demands action.
Please click here to read the full press release from HUD
by iwd Tina | Jun 20, 2011 | Housing News
Please click here for more information on the joint application.
by iwd Tina | Jun 20, 2011 | Housing News
U.S. Department of Treasury – The Obama Administration today announced new U.S. Department of the Treasury guidelines to enable servicers to begin modifications of eligible mortgages under the Administration’s Homeowner Affordability and Stability Plan – announced by President Barack Obama just two weeks ago. The release of detailed requirements for the “Making Home Affordable” program facilitates implementation of the critical provisions that will help bring relief to responsible homeowners struggling to make their mortgage payments, while preventing neighborhoods and communities from suffering the negative spillover effects of foreclosure such as lower housing prices, increased crime and higher taxes.
Please click here to view the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
CHAPA is seeking an energetic individual to join its staff as the Program Manager for a new venture we are undertaking. In coordination with a foreclosed properties task force, municipalities, and the state housing agencies, CHAPA will be launching a new program to facilitate the sale of real estate owned properties (REO) to non-profits, municipalities, and other eligible purchasers for affordable housing—including both rental and homeownership.
Please click here to view the full job listing on CHAPA’s Jobs Board.
by iwd Tina | Jun 20, 2011 | Housing News
The Expiring Use report, prepared by CEDAC, uses the most current data available from HUD and MassHousing, based on updates from mid-October 2008.
