Ads
related to: government programs to prevent foreclosure
Search results
Results From The WOW.Com Content Network
If you find yourself in this situation, here are some of the best ways to prevent foreclosure. 8 ways to prevent foreclosure. What is foreclosure? Foreclosure is the process where the lender gains ...
The government's program to prevent foreclosures is falling far short of its stated goals, a congressional watchdog reported. The Treasury's Home Affordable Modification Program (HAMP) is likely ...
Fannie Mae's foreclosure prevention efforts have generally been made available to a borrower only after a delinquency occurs. Under Fannie Mae's new guidance, loan servicers can use foreclosure prevention tools to assist distressed borrowers when a borrower demonstrates the need. As noted above, these guidelines apply to borrowers who are still ...
The Homeowners Affordability and Stability Plan is a U.S. program announced on February 18, 2009, by U.S. President Barack Obama.According to the US Treasury Department, it is a $75 billion program to help up to nine million homeowners avoid foreclosure, which was supplemented by $200 billion in additional funding for Fannie Mae and Freddie Mac to purchase and more easily refinance mortgages. [1]
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
Recent movements in Congress to deactivate some of the federal foreclosure-prevention programs are getting a lot of press, despite the fact that these programs are probably safe for the time being.
Ad
related to: government programs to prevent foreclosure