Federal Housing Administration | Foreclosure Frauds and Scams

Posts Tagged ‘federal housing administration’

Do you support providing government assistance to people who cannot pay their mortgage?

Wednesday, May 26, 2010 11:14 17 Comments

Creative financing in the past two+ years allowed financial institutions to give individuals who wouldn’t normally be approved for a mortgage (because of poor credit history and/or unstable employment record), a subprime mortgage. Today, 730,000 of these individuals are not paying their mortgage payments and are facing foreclosure. Countless others are struggling and don’t know [...]

This was posted under category: Foreclosure Assistance Tags: american homeownership, creative financing, employment record, expanding american homeownership act of 2007, facing foreclosure, federal housing administration, financial assistance, financial institutions, mortgage payments, poor credit history, quot, subprime mortgage, unstable employment

The U.S. Government expands its foreclosure prevention efforts

Monday, April 26, 2010 15:20 No Comments

The Obama administration announced a new plan on March 26, 2010 as an expansion of its efforts to prevent foreclosure. The new plan will provide mortgage help to unemployed and “underwater” homeowners. The administration officials said that lenders have been slow to implement the Home Affordable Modification Program and so, only about 170,000 homeowners have [...]