Nov 26th 2012 4:50PM
By Les Christie More than 300,000 homeowners have received $26 billion in relief under the big foreclosure abuse settlement reached earlier this year, according to a recent government report. Five of the country's largest mortgage lenders have modified home loans, reduced interest rates or forgiven debt as part of a... Continue Reading »
Government-sponsored mortgage backers Freddie Mac, Fannie Mae and the Federal Housing Administration are offering mortgage relief to some borrowers whose homes were damaged by Hurricane Sandy, the superstorm that has crippled communities across the Northeast. The relief is available to borrowers whose homes were damaged... Continue Reading »
Jun 21st 2012 1:50PM
After John DeMetro suffered a debilitating arm injury on the job in 2005, he began to slip on paying his mortgage. Though Walmart, his employer at the time, paid for the 19 surgeries and 2½ years of therapy that it took for him to recover, DeMetro, of Utica, N.Y., said that he could no longer work enough hours to... Continue Reading »
May 14th 2012 11:30AM
Three bills intended to increase homeowner refinancing were introduced this week by Democratic senators -- bills that HUD Secretary Shaun Donovan said are "a win, win, win and something that we think can gain real bipartisan support very quickly and get passed." The bills, if passed, would complete President Barack... Continue Reading »
Mar 19th 2012 12:40PM
By Alison Paoli The HARP 2.0 refinance program will become widely available to underwater homeowners today and is expected to bring mortgage relief to those who are current on their home loan, but have been unable to refinance into today's historically low mortgage rates because of their negative equity status. The full... Continue Reading »
