HUD

B of A Settles With HUD, Hosts Modification Seminar

(Source: San Diego Reader By Dave Rice) – Last week Bank of America, one of America’s largest home loan servicers after its acquisition of Countrywide Financial in 2008, entered into a settlement agreement with the federal Department of Housing and [...]


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HUD to Give Away $1 Billion to Struggling Homeowners

(Source: Washington Post By Cezary Podkul) – Sandra Allwine has been pleading with her bank for more than two years to modify the mortgage on her Arlington County home. Despite exhausting all her savings and having her daughter move in [...]


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Pha Audit: That Sinking Sensation

May 20 (Source: The Philadelphia Daily News By Philadelphia Daily News) – LAST AUGUST, a week before former Philadelphia Housing Authority chief Carl Greene disappeared for five days after the revelation that he was facing foreclosure, Housing and Urban Development [...]


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Realtor Pleads Guilty in Mortgage Loan Scheme

(Source: Richmond Times – Dispatch By CAROL HAZARD) – Richmond-area Realtor Jodi D. Robinson would take a piece of property she owned, find an unqualified buyer, doctor the loan application for that person, sell it at a higher price, pay [...]


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Foreclosure Halted for Surviving Spouse

(Source: The Capital, Annapolis, Md. By Heather Rawlyk) – Robert Bennett is one step closer to keeping the Annapolis home he purchased with his late wife, Ophelia, three decades ago.


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New Money Will Help Idahoans Keep Homes

(Source: The Idaho Statesman, BoiseBy Joe Estrella)  – The U.S. Department of Housing and Urban Development is throwing a lifeline to potentially hundreds of Idaho homeowners who are delinquent on their mortgage payments.


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Red Alert On Redlining

(Source: ABA Banking Journal By Barefoot) – Faced with a deluge of consumer regulations and enforcement relating to loans to unqualified borrowers, many banks are unaware of the re.emerging risk of being inadequately focused on extending credit in minority communities. [...]


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New Help for Senior Homeowners

(Source: Record, The; Bergen County, N.J. By KATHLEEN LYNN) – Reverse mortgages allow seniors to use their home equity while staying in their homes — but have been criticized for their high upfront fees, among other things. A new loan [...]


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