Tag: Emergency Homeowners Loan Program

  • Home Loan Help for Jobless in Jeopardy

    Home Loan Help for Jobless in Jeopardy

    Thousands of potentially eligible homeowners may be left out of a $1 billion Department of Housing and Urban Development program that provides interest-free loans to the unemployed because of documentation and timing problems. The Dodd-Frank Act required HUD to develop the Emergency Homeowners Loan Program.... Continue Reading

  • Unemployed Mortgage Assistance Program Extended

    Unemployed Mortgage Assistance Program Extended

    The Department of Housing and Urban Development will begin taking applications again for a new program providing interest-free loans to unemployed borrowers struggling with their mortgage payments. Under the Dodd-Frank Act authority, HUD launched the $1 billion Emergency Homeowners Loan Program in June.... Continue Reading

  • Cutoff Date for Relief Loan Applications Fast Approaching

    Cutoff Date for Relief Loan Applications Fast Approaching

    Washington is acting to rescue tens of thousands of beleaguered homeowners by offering interest-free loans, some of which will ultimately be "forgiven" if borrowers follow the rules. But the pre-screening deadline for applicants is July 22, so interested homeowners must move fast. Click here to get... Continue Reading

  • Unemployed Homeowners: EHLP Is on the Way

    Unemployed Homeowners: EHLP Is on the Way

    Being unemployed took its toll quickly on Sharon Greene, a single mother of three and Philadelphia homeowner. Greene was already struggling to stay current on her mortgage when the news hit. The security company that employed her for the past 8 years had just laid her off, and the bills were piling up. Then the... Continue Reading