October 13, 2011 (Jeff Alan) A federal loan assistance program modeled after a successful program in Pennsylvania targeting homeowners who had experienced a reduction in income or were at risk of foreclosure due to involuntary unemployment or underemployment will likely only meet half its goals on a national level because so few people could meet [...]
August 29, 2011 (Jeff Alan) The Department of Housing and Urban Development (HUD) has announced today that resources will be available to reach more struggling homeowners in its Emergency Homeowners’ Loan Program (EHLP) and that applications will be accepted through September 15, 2011. […]
July 25, 2011 (Jeff Alan) The Department of Housing and Urban Development (HUD) has announced that it is extending the deadline for accepting pre-applications for the Emergency Homeowners Loan Program (EHLP) to Wednesday July 27, 2011, to give at-risk homeowners more time to apply for the program. […]
July 18, 2011 (Jeff Alan) The deadline for Pre-Applicant Screening Worksheets from homeowners who wish to see if they qualify for assistance from the Emergency Homeowners Loan Program (EHLP) is due this Friday, July 22nd. […]
June 21, 2011 (Shirley Allen) Homeowners who have experienced a reduction in income and are at risk of foreclosure due to unemployment or underemployment as a result of economic or medical conditions may now qualify for a new emergency homeowner loan program introduced by the Department of Housing and Urban Development (HUD). […]
April 4, 2011 (Jeff Alan) Five more states have been approved to receive funds from the Department of Housing and Urban Development’s (HUD) Emergency Home Loan Program (EHLP). The bridge loan program is designed to help unemployed families pay their mortgages by providing up to $50,000 in assistance to help borrowers pay their mortgage principal, [...]
January 31, 2011 (Chris Moore) Rep. Darrell Issa (R-Calif) and Rep. Jim Jordan (R-Ohio) introduced legislation to end the Home Affordable Modification Program (HAMP). Issa, the chairman of the Oversight and Government Reform Committee, and his colleagues said the Treasury Department's program to help troubled borrowers avoid foreclosure has been a bust. This comes on [...]
January 11, 2011 (Chris Moore) California has rolled out its Unemployed Mortgage Assistance Program (UMA) supported by $2 billion in federal dollars provided through the Hardest Hit Fund. Unemployed California homeowners can apply for up to $3,000 a month in mortgage assistance to tide them over for up to six months while looking for work. [...]
December 15 2010 (Chris Moore) Two years ago, a North Carolina credit union launched a mortgage assistance program that has had unprecedented success and should be a model for the mortgage industry. At a time when mortgage holders have been overwhelmed with foreclosures, the State Employees Credit Union (SECU) has used a little old fashioned [...]
