by iwd Tina | Jun 20, 2011 | Housing News
From the Wall Street Journal – Fannie Mae is finalizing a national policy that will allow tenants to remain in their homes even if their landlord goes into foreclosure – a landmark decision for tenants.
The policy will be in effect Jan. 9, Fannie Mae said Sunday, and reflects growing pressure on the mortgage company from a legal-aid group that threatened to sue over recent evictions. The company said it will also ensure its current holiday moratorium on new evictions is being followed until the new policy takes effect.
Full article from the Wall Street Journal.
by iwd Tina | Jun 20, 2011 | Housing News
In this progress report, the Commission begins to outline strategies that remove barriers to asset building and aid families in acquiring and maintaining assets. The administrative and legislative actions already put into motion will make significant strides toward greater financial stability for low and moderate income families.
Link to report: http://www.mass.gov/Ehed/docs/dhcd/adc/progressreport.pdf
by iwd Tina | Jun 20, 2011 | Housing News
Citi announced a series of initiatives designed to proactively help potential at-risk borrowers remain current on their payments and ultimately in their homes. Several of these steps build on or expand the industry-leading loss mitigation efforts that Citi has put in place over the past two years.
Please click here to view the full press release.
by iwd Tina | Jun 20, 2011 | Housing News
FHFA has stated that business will continue as usual at the Enterprises during the conservatorship—this applies to both their single-family and multifamily businesses.
Please click here to view the full announcement.
by iwd Tina | Jun 20, 2011 | Housing News
CHAPA and the Massachusetts Rehabilitation Commission (MRC) are pleased to announce a newly redesigned Mass Access Wesbite to help bridge the gap between residents in need of affordable, accessible housing and available apartments across the state. The updated site (www.massaccesshousingregistry.org) features a user-friendly design and an expanded database of affordable rental housing in Massachusetts, including accessible and adaptable homes for people with disabilities. Some of the key features of the Mass Access housing website include vacancy and waitlist information for all affordable rental housing in Massachusetts, particularly for people with disabilities, and an automated mapping feature to track the location of available units. Property owners and managers will now be able to log in to the registry and post available rental units and housing applications. At the same time, consumers will now be able to customize and save their housing searches and sign up for e-mail updates when new units become available. The redesign and redevelopment of MassAccess was funded jointly by MRC and MassHousing. Please click here to view the State’s full press release.
