HUD extends deadline for unemployed mortgage assistance

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HUD extends deadline for emergency foreclosure aid. is designed to help homeowners who are at risk of foreclosure in 27 states across the country (including Washington) and Puerto Rico.

Mortgage Assistance : About Mortgage Benefits for Unemployed Borrowers In the largest settlement involving a single industry since the 1998 tobacco deal, 49 state attorney generals reached a $25 billion agreement with the top five mortgage. unemployed borrowers,

The Home Affordable Unemployment Program (UP) reduces or suspends mortgage payments for 12 months or more for homeowners who are unemployed. Eligibility. Anyone who has not already obtained a HAMP modification on his/her mortgage may be eligible.

The original filing deadline was July 27th. The EHLP is designed to help unemployed borrowers who lost their jobs as a result of the recession. HUD also announced changes that could help homeowners themselves. About 17 percent of loans that were auctioned through DASP and resolved are "reperforming," meaning that the homeowner started making.

NAR: Monthly existing home sales fall 0.4% in April Existing-home sales in April fell 0.4% from March to a seasonally adjusted annual rate of 5.19 million, according to the National Association of Realtors. Two of the four major U.S. regions saw a.Market questions numbers on Treasury’s HAFA program This would be the SECOND revamp of the failed program. Changes this year include servicers not needing to verify a borrower’s financial information (talk about opening the doors for strategic default) or determine if the borrower’s total monthly mortgage payment exceeds a 31% debt-to-income ratio.

HUD Extends Filing Deadline for Emergency Homeowners’ Loan Program. August 30, 2011. August 30, 2011 1 Comment. If you missed the filing date for the Emergency Homeowners’ Loan Program (EHLP), there is good news, because the date to file has been extended until September 15th. The original filing deadline was July 27th.

With 13 million consumers unemployed and 4 million mortgages in foreclosure or seriously delinquent, more than half of the $1 billion EHLP funding went back to the U.S. Treasury because the funds didn’t get allocated to homeowners before the Sept. 30 deadline.

When it comes to government assistance, FHA loan rules found in HUD 4155.1, Chapter Four say, “Income received from government assistance programs is acceptable for qualifying, as long as the paying agency provides documentation indicating that the.

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FHA extends final’ Puerto Rico, USVI foreclosure moratorium deadline.. FHA introduced the Disaster Standalone Partial Claim option to help borrowers impacted by 2017 natural disasters to resume their pre-disaster mortgage payments.. FHA-insured Mortgage for home rehabilitation – HUD’s Section 203(k) loan program enables those who.

Full text: S&P downgrades the U.S. debt rating Editor’s note: Moody’s took the following ratings action after the close of US investment markets today. London, 22 February 2013 – Moody’s Investors Service has today downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa.

 · NCSHA is particularly pleased that, if enacted, the FY 2020 HUD bill would fund the HOME Investment Partnerships (HOME) program at $1.75 billion in FY 2020 – a 40 percent increase over FY 2019 funding – as well as fully fund tenant- and project-based rental assistance.

CoreLogic: Nearly 1 million houses float back into positive equity CoreLogic: 791,000 underwater homes return to positive equity. Only 6.4 million properties remain in negative equity. have less than 20% equity, leaving them in a situation where it's still hard to refinance due to underwriting constraints.. CoreLogic: Nearly 1 million houses float back into positive equity.

The Palmetto State’s initial funding of nearly $295 million has not been exhausted, and the federal government recently announced additional funding and extended the deadline to. fall behind on.