New Campaign Empowers Long Island Homeowners to Combat Loan Modification Scams in 2010
March 16, 2010 Posted by NeighborWorks
Long Island, NY - March 16, 2010 - (RealEstateRama) — NeighborWorks America today launched the national “Loan Modification Scam Alert Campaign” on Long Island to provide residents facing the possibility of foreclosure with vital information to guard against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks Director of National Initiatives and Applied Research Nelson Merced was joined for the announcement by Community Development Corporation of Long Island President and Chief Executive Officer Marianne Garvin, New York State Banking Department Director of Non-Depository Institutions and Consumer Protection Jane Azia, Superintendent of Banks for New York State Richard H. Neiman, New York State Consumer Protection Board Director of Communications and Policy Research Gary Brown, and other local officials.
Know your facts, keep your home lead-safe
March 15, 2010 Posted by RealEstateRama
Des Plaines, IL - March 15, 2010 - (RealEstateRama) — The National Association of the Remodeling Industry (NARI) is making homeowners aware of the U.S. Environmental Protection Agency’s (EPA) Renovation, Repair and Painting (RRP) regulations that will take effect April 22, 2010, requiring remodelers working in homes built before 1978 to follow practices designed to minimize the exposure of residents to lead hazards.
Alliance to Save Energy Says Home Star Helps Homeowners and Job Seekers
March 3, 2010 Posted by ASE
Washington, D.C. - March 3, 2010 - (RealEstateRama) — The Alliance to Save Energy today praised President Obama for “calling out” the Home Star residential retrofits program as a lynchpin of the Administration’s economic recovery program. The President spoke of the benefits of the Home Star program at Savannah Technical College in Savannah, Ga., where workers are being trained in new skills for energy retrofit projects
Statement from NLIHC President Sheila Crowley on President Obama’s New Foreclosure Rescue Program
February 22, 2010 Posted by NLIHC
February 22, 2010 - (RealEstateRama) — President Obama announced a plan to provide five states hit hardest by the continuing housing crisis with funds to assist distressed homeowners. Nevada, Arizona, California, Florida and Michigan will share $1.5 billion based on a formula to be created by the Treasury Department. According to the White House announcement, the funds would be able to be used for a variety of activities, including assisting homeowners who have lost their jobs with their mortgage payment, and assisting homeowners in refinancing underwater mortgages.
Pelosi: ‘President Obama’s Announcement Is Encouraging Step to Help Stabilize Housing Markets’
February 22, 2010 Posted by Speaker Nancy Pelosi
Washington, D.C. - February 22, 2010 - (RealEstateRama) — Speaker Nancy Pelosi released the following statement today on the President Obama’s announcement for funding from the Troubled Asset Relief Program (TARP) to help support homeowners in California, Nevada, Arizona, Florida, Michigan
Administration Releases January Loan Modification Report
February 18, 2010 Posted by RealEstateRama
WASHINGTON, DC - February 18, 2010 - (RealEstateRama) — The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released January data for the Administration’s Home Affordable Modification Program (HAMP), demonstrating that the number of homeowners receiving immediate relief and converting to permanent modifications continues to rise. More than 116,000 homeowners now have permanent modifications, nearly doubling the number from December, which also marked record progress. An additional 76,000 permanent modifications have been offered, and are waiting only for the borrower’s signature. In total, Over 1 million homeowners have started trial modifications and nearly 1.3 million offers for trial modifications have been extended to homeowners.
ADMINISTRATION RELEASES DECEMBER LOAN MODIFICATION REPORT, UPDATE ON CONVERSION DRIVE
January 15, 2010 Posted by HUD
WASHINGTON, DC - January 15, 2010 - (RealEstateRama) — The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released an update on the Administration’s aggressive nationwide campaign to help borrowers in the trial phase of their modified mortgages convert to permanent modifications under the Home Affordable Modification Program (HAMP). The new December data demonstrates that there has been a significant acceleration in the rate at which borrowers are being approved for permanent modifications. As of December, more than 100,000 permanent modifications have been approved, including 66,000 that borrowers have accepted and the remainder awaiting only the borrower’s signature. Under HAMP, more than 850,000 homeowners have had a median payment reduction exceeding $500.
Conyers and Eight Others Introduce Amendment to Provide Mortgage Modification Relief to Struggling Homeowners
December 8, 2009 Posted by RealEstateRama
December 8, 2009 - (RealEstateRama) — House Judiciary Committee Chairman John Conyers, Jr. (D-MI) and his colleagues, Ms. Zoe Lofgren (D-CA) and Mr. Jim Marshall (D-GA), released the following statements regarding their joint efforts to make modification of excessive mortgage terms part of the Financial Regulatory Reform Package
First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify
November 24, 2009 Posted by RealEstateRama
WASHINGTON, DC - November 24, 2009 - (RealEstateRama) — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers. The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase
Weatherization Programs Prepare Homeowners for Heating Season
October 16, 2009 Posted by RealEstateRama
Des Plaines, IL - October 16, 2009 - (RealEstateRama) — Winter is right around the corner and in honor of Energy Awareness Month, the National Association of the Remodeling Industry (NARI) recommends making energy-efficient upgrades as a way for homeowners to prepare for the season. Many remodelers are offering weatherization programs to help them reduce energy costs.
