HUD releases unemployment mortgage assistance to 27 states

There are plenty of mortgage. the Fed’s releases of the minutes from its Dec. 16-17 FOMC conclave. Thursday is the usual weekly Initial Jobless Claims, and then Friday we’ll have Nonfarm Payrolls,

Independent mortgage bankers see 50% loan growth LPS: Mortgage delinquencies down 10% According to LPS, 9.02% of mortgages are delinquent (down from 9.29% in October), and another 4.08% are in the foreclosure process (up from 3.92% in October) for a total of 13.10%. It breaks down as: 2.61 million loans less than 90 days delinquent. 2.16 million loans 90+ days delinquent. 2.16 million loans in foreclosure process.Independent bank community affordable mortgage independent bank community affordable Mortgage provides borrowers with purchase money for a home at a 30-year fixed rate, and up to 97% loan to value. Loan to value is the mortgage amount as compared to the home’s value or purchase price, whichever is less.

For Immediate Assistance Call 888-995-HOPE (4673) (Hearing impaired: 877-304-9709 TTY) Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.

FHFA gets heat over planned apartment lending pullback The Obama administration had hinted that they might use their leverage through the Federal Housing Finance Agency (FHFA) to reduce principal amounts on home loans that are currently underwater, ostensibly as an economic stimulus but mostly as a political stimulus to Barack Obama’s re-election hopes.

Press Releases · Speeches, Testimonies, Statements · Blog · Videos/Webcasts · Podcast · Innovative Housing Showcase. 13-22, Extension of Unemployment Special Forbearance. 08-27, Treble Damages for Failure to Engage in Loss Mitigation. 97-43, FHA Loss Mitigation – Mortgage Modification Clarifications.

Help is a Phone Call Away > HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. Call 888-995-HOPE (4673) to speak with an expert about your individual situation.

Hubzu also surveyed over 2,000 of its users earlier this year about the current state of the REO (real. of Housing and Urban Development (HUD) bundle the home purchase price and renovation costs.

10-2 CONTRACT FOR monthly assistance payments. 13-27 DEMAND ASSIGNMENT OF THE MORTGAGE. APPENDIX 13(A) Assumption of Mortgages Release of Personal Liability. APPENDIX 49 Request for Verification of Employment. the State of Michigan the 9 months completion of foreclosure time.

5% mortgage rates no longer on the horizon Average monthly house payments jump 21% in fourth quarter average wireless tax rates increased nearly three times faster than average sales tax rates. Wireless industry competition has led to significant reductions in average monthly bills since 2008, a trend that accelerated dramatically in 2017 and 2018, when average bills dropped from $44.65 per month in 2016 to $38.66 per month in 2018.Mortgage Rates Back to 3.5% for Some. If you have a truly ideal credit profile and loan scenario, a few of the more aggressive lenders are quoting conforming, 30yr fixed mortgage rates at 3.5% today. Almost all other lenders are only an eighth of a point higher at 3.625% for top tier scenarios. This is a rate landscape.

The $1 billion of funding for the EHLP program complements the $7.6 billion in the Hardest Hit Fund, established for the states hardest hit by the housing crisis; with today’s launch, says HUD, mortgage assistance is now available for unemployed and underemployed homeowners in every state.

Assistance for Unemployed Homeowners. Home Affordable Unemployment Program (UP): If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary reduction or suspension of mortgage payments for at least twelve months while you seek re-employment.

HSBC pays $1.6 billion to end 14-year mortgage-lending lawsuit The decision from U.S. District Judge Denise Cote in Manhattan clears the way for HSBC to face trial Sept. 29 in a case by the Federal housing finance agency that the bank has estimated could expose it to $1.6 billion in liability. fhfa launched 18 lawsuits in 2011 over about $200 billion in mortgage-backed securities.

Unemployment mortgage assistance program (UMAP), which provides up to 12 months of payments (with a cap of $24,000) to assist homeowners who are unemployed, underemployed or have suffered a financial hardship due to death, divorce or disability.