On February 9, the Department of Justice, the U.S. Department of Housing and Urban Development, other federal agencies, and 49 state attorneys general announced the largest federal and state settlement agreement in history with the five major mortgage servicers for their mortgage servicing practices. This $25 billion agreement is the most significant action to hold [...]
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An article in last Friday’s Financial Times raises questions about the historic mortgage settlement between the five largest mortgage servicers in the United States, 49 state attorneys general, and the federal government. The article, entitled “US taxpayers to subsidise $40 bn housing settlement,” argues that there is a taxpayer subsidy because modifications performed under the [...]
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HUD partners with USDA, the Commerce Department and local government in Kentucky to create jobs and develop energy efficient housing for rural residents. HAMP has helped nearly 1 million homeowners. Brad Pitt says HUD has helped a lot with low-income housing in New Orleans. Housing market [...]
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Secretary Donovan on Ending Housing Discrimination Against LGBT Americans. HAMP extended for another year. Affordable housing project in the works for residents in Fort Collins, Colorado. Volunteers in Houston, Texas; Bell County, Texas; Hudson County, NJ; Jacksonville and Cumberland County, NC hit the streets for [...]
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Crossed posted from Treasury.gov Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to struggling homeowners, renters, and their neighborhoods [...]
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