Foreclosure aid programs lifted by $70.1 million in NeighborWorks funds

The Los Angeles effort – which to date has made $5.4 million in down payment assistance grants to local homebuyers – was the first of several lift programs wells Fargo and NeighborWorks. from the.

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The 2010 Financial Reform bill (dodd-frank wall Street Reform and consumer protection act) funds up to $50,000 (or 24 months) of mortgage payment relief for un-or-under employed homeowners facing likely foreclosure. These funds are available through a re-authorized ford-administration program, the Emergency Homeowners Loan Program (EHLP).

Foreclosure Counseling From NeighborWorks America Reaches 1 Million Homeowners. The National Foreclosure Mitigation Counseling Program, as part of the NeighborWorks Center for Foreclosure Solutions has offered foreclosure counseling for 1 million homeowners facing foreclosure since the program started in March 2008.

MGIC writes $3.6B in primary new mortgage insurance MGIC reported its seventh straight quarterly loss today and disclosed that it was actively seeking capital to ensure it can continue to write new mortgage insurance policies.. The Milwaukee-based private mortgage insurer reported a first quarter net loss of $184.6 million, up sharply from $34.5 million a year ago.

According to an article from local KSDK News, the Illinois Housing Development Authority recently received two federal grants to aid homeowners in the state who are facing foreclosure. The grants came from NeighborWorks America, and they total $3 million.

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Housing organizations across the country will be able to receive funds through a $70.1 million award through the National Foreclosure Mitigation Counseling (NFMC) Program, NeighborWorks America.

The Los Angeles effort – which to date has made $5.4 million in down payment assistance grants to local homebuyers – was the first of several LIFT programs Wells Fargo and NeighborWorks. from the.

The Fund also provides counseling and assistance to returning military veterans who are transitioning to civilian jobs. For qualified homeowners, the NC Foreclosure Prevention Fund can help pay your mortgage and other related expenses for up to 18 months ($36,000) while you search or retrain for new employment.

The amount requested by HUD for the NFMC program in 2014 is $77 million, which is a decrease of $3 million from its 2013 level. 73 In April 2013, the Obama administration announced that the Treasury Department was partnering with NeighborWorks to make federal TARP funds available through Making Home Affordable programs to support counseling and.

The City of Tampa’s Housing & Community Development (HCD) Staff provides Foreclosure Prevention Counseling and assistance through various programs and services. Foreclosure Prevention Counseling assists with the following: Budget Preparation; Contacting Servicer / Mortgage Lender to discuss available options