by iwd Tina | Jun 20, 2011 | Housing News
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration’s Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. Under authorization provided by the Federal Housing Finance Agency, borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.
Please click here to read the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae (NYSE:FNM) today issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009.
Click here for the full news release.
by iwd Tina | Jun 20, 2011 | Housing News
Washington, DC – The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today launched a new website for consumers seeking information about the Obama Administration’s Making Home Affordable loan modification and refinancing program. MakingHomeAffordable.gov offers features including interactive self-assessment tools that will empower borrowers to determine if they’re eligible to participate and calculate the monthly mortgage payment reductions they could stand to realize under the Making Home Affordable program.
Please click here to view the full Press Release.
by iwd Tina | Jun 20, 2011 | Housing News
From the U.S. Census Bureau – For the past several years the Census Bureau has released data products from the American Community Survey (ACS) in the form of 1-year estimates. These estimates were based on data collected in a single calendar year and describe the average characteristics for that specific year. For example, the 2006 ACS estimates generally describe the average social, economic, demographic, and housing characteristics for calendar year 2006. Beginning in December 2008, the Census Bureau introduces ACS multiyear estimates, specifically 3-year estimates. These estimates are based on data collected over a 3-year period of time and therefore they describe the average characteristics for that 3-year time period. Both ACS 1-year and 3-year estimates can be accessed using the American FactFinder (AFF).
Please click here to view more information about these estimated from the U.S. Census Bureau.
by iwd Tina | Jun 20, 2011 | Housing News
Please view CHAPA’s housing programs analysis of the Governor’s proposed FY10 budget here.
by iwd Tina | Jun 20, 2011 | Housing News
Please click here to read questions and answers intended to assist Section 1602 recipients to understand and comply with program requirements.
